6,046 Shares in Tidewater Inc. (NYSE:TDW) Acquired by Diametric Capital LP

Diametric Capital LP acquired a new position in Tidewater Inc. (NYSE:TDW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,046 shares of the oil and gas company's stock, valued at approximately $331,000.

A number of other large investors have also modified their holdings of the company. Fortitude Family Office LLC purchased a new position in shares of Tidewater in the 4th quarter valued at about $33,000. AlphaQuest LLC increased its position in shares of Tidewater by 177.4% in the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock valued at $44,000 after buying an additional 511 shares in the last quarter. Quarry LP raised its stake in shares of Tidewater by 187.6% during the 3rd quarter. Quarry LP now owns 814 shares of the oil and gas company's stock worth $58,000 after buying an additional 531 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Tidewater by 45.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock valued at $58,000 after buying an additional 333 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Tidewater by 2,018.3% in the 4th quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock valued at $70,000 after acquiring an additional 1,211 shares during the period. Institutional investors and hedge funds own 95.13% of the company's stock.

Insider Buying and Selling

In other Tidewater news, Director Robert Robotti bought 25,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the purchase, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. This trade represents a 1.14 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 8.33% of the stock is currently owned by company insiders.

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Tidewater Price Performance

TDW traded down $3.11 on Friday, hitting $34.65. 2,256,443 shares of the company's stock were exchanged, compared to its average volume of 1,042,168. Tidewater Inc. has a fifty-two week low of $33.19 and a fifty-two week high of $111.42. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 10.19 and a beta of 1.06. The firm has a 50-day moving average price of $47.22 and a 200-day moving average price of $54.36. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TDW shares. Pickering Energy Partners cut shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and reduced their price target for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.50.

Tidewater 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.