Tidewater Inc. (NYSE:TDW) is Attracting Smart Money

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tidewater Inc. (NYSE:TDW) reported that Robotti Robert has picked up 4,596,978 of common stock as of 2017-05-17.

The acquisition brings the aggregate amount owned by Robotti Robert Holdings Ltd. to a total of 4,596,978 representing less than 9.8% stake in the company.

For those not familiar with the company, Tidewater Inc. provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.

A glance at Tidewater Inc. (NYSE:TDW)’s key stats reveals a current market capitalization of 47.50 Million based on 47.07 Million shares outstanding and a price at last close of $0.850 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-12-01, Bennett picked up 10,000 at a purchase price of $9.36. This brings their total holding to 67,801 as of the date of the filing.

On the sell side, the most recent transaction saw Fanning unload 20,110 shares at a sale price of $16.53. This brings their total holding to 42,064.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tidewater Inc. (NYSE:TDW) as things move forward to see if its progress aligns with these transactions.

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