Tidewater Inc. (NYSE:TDW) director Robert Robotti has reported the disposition of company shares valued at $925,448, according to a recent regulatory filing. The transactions took place on September 16, 2026, and involved two separate sales of common stock.
Robotti sold 6,695 shares and an additional 3,605 shares, both at a price of $89.8494 per share. In aggregate, 10,300 shares were sold for a combined value of $925,448. The stock currently trades at $78.91, which is below the September transaction price. Despite this, shares have delivered a 44% return over the past year and a 56% gain year-to-date. According to an analysis, Tidewater appears undervalued at current levels, with the company trading at a low P/E ratio relative to near-term earnings growth.
Separately, Robotti also reported the transfer of 1,951 shares of common stock for no consideration. This transfer involved shares directly beneficially owned by a performance fee-paying advisory client of Robotti & Company Advisors, LLC, and terminated the client’s advisory relationship with Robotti Advisors concerning those shares.
Following these transactions, Robotti’s reported beneficial ownership stands at 2,202,690 shares of Tidewater common stock. This figure includes shares held directly by him, shares held by performance-fee paying advisory clients of Robotti & Company Advisors, LLC, and shares held by entities such as The Ravenswood Investment Company, LP, Ravenswood Investments III, L.P., and the Suzanne and Robert Robotti Foundation, Inc. It also includes shares beneficially owned by Suzanne Robotti, his wife. Robotti’s beneficial ownership is deemed to be through his indirect proportionate ownership of Robotti Advisors and his role as managing director of Ravenswood Management Company, LLC, which serves as the general partner for RIC and RI, as well as through his marriage. He disclaims beneficial ownership of all reported securities except to the extent of his pecuniary interest.
In other recent news, Tidewater Inc. reported its third-quarter results for 2026, showing a mixed performance. The company exceeded revenue expectations with $360.4 million, surpassing the anticipated $358.6 million. However, its earnings per share fell short, posting $0.35 against the expected $0.72. These results highlight a revenue beat but an earnings miss, providing a complex picture for investors. The company’s financial performance was a significant topic during its recent earnings call. Additionally, analysts and investors are likely to keep a close eye on these developments as they assess Tidewater’s future prospects.