Thompson Siegel & Walmsley LLC Has $11.99 Million Stock Position in Tidewater Inc. (NYSE:TDW)

Thompson Siegel & Walmsley LLC boosted its position in Tidewater Inc. (NYSE:TDW) by 135.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,183 shares of the oil and gas company’s stock after buying an additional 126,162 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.42% of Tidewater worth $11,992,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDW. Fortitude Family Office LLC bought a new position in Tidewater in the 4th quarter worth approximately $33,000. AlphaQuest LLC increased its position in Tidewater by 177.4% during the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 511 shares during the period. Quarry LP raised its stake in Tidewater by 187.6% during the 3rd quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 531 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Tidewater during the 3rd quarter valued at $65,000. Finally, EverSource Wealth Advisors LLC grew its position in Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 333 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TDW shares. DNB Markets initiated coverage on shares of Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective for the company. Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and cut their price target for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Finally, Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Insider Activity

In related news, Director Robert Robotti purchased 1,770 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $40.95 per share, with a total value of $72,481.50. Following the purchase, the director now directly owns 2,183,670 shares in the company, valued at $89,421,286.50. This represents a 0.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 8.33% of the company’s stock.

Tidewater Stock Performance

NYSE TDW opened at $39.93 on Friday. Tidewater Inc. has a twelve month low of $38.65 and a twelve month high of $111.42. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.06 billion, a P/E ratio of 11.74 and a beta of 1.06. The company’s 50-day simple moving average is $51.96 and its 200 day simple moving average is $58.83.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.