Tejara Capital Ltd Acquires New Holdings in Tidewater Inc. (NYSE:TDW)

Tejara Capital Ltd acquired a new stake in shares of Tidewater Inc. (NYSE:TDW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 39,600 shares of the oil and gas company’s stock, valued at approximately $2,167,000. Tidewater makes up approximately 1.4% of Tejara Capital Ltd’s investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its stake in Tidewater by 8.1% in the third quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 267 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Tidewater by 3.5% in the third quarter. Glenmede Trust Co. NA now owns 9,479 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 321 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Tidewater by 45.5% in the fourth 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. Tectonic Advisors LLC raised its stake in shares of Tidewater by 2.3% in the fourth quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company’s stock worth $961,000 after purchasing an additional 402 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Tidewater by 9.5% in the fourth quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock worth $291,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Up 2.7 %

Shares of TDW opened at $41.48 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 12 month low of $38.65 and a 12 month high of $111.42. The stock’s 50 day moving average is $51.03 and its two-hundred day moving average is $57.59. The firm has a market cap of $2.14 billion, a P/E ratio of 12.20 and a beta of 1.06.

Insider Buying and Selling at Tidewater

In other Tidewater news, Director Robert Robotti acquired 1,770 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $40.95 per share, with a total value of $72,481.50. Following the completion of the acquisition, the director now owns 2,183,670 shares in the company, valued at approximately $89,421,286.50. This trade represents a 0.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Pickering Energy Partners cut Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Finally, DNB Markets assumed coverage on Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price target for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

About Tidewater

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.