Seacor Marine’s Top Investor Pushes Board to Sell Fleet Operator

By Mengqi Sun (Bloomberg) — The largest shareholder of Seacor Marine Holdings Inc. said the offshore energy services company needs to sell itself, according to a letter sent to the board.

Jorey Chernett, managing member of Michigan-based investment fund Pointillist Family Office, said that Seacor’s current share price doesn’t reflect its net asset value and the earnings potential of its fleet, according to the letter, which was sent Monday to Seacor’s board and reviewed by Bloomberg News. Chernett believes the net asset value of Seacor should be more than $20 per share based on broker appraisal.

Seacor’s shares opened at $6.63 on