Tidewater Stock Has Surged Nearly 70% This Year, but One Fund Sold $5 Million in Shares Before the Rally

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Jonathan Ponciano, The Motley Fool

Wed, March 4, 2026 astatine 10:29 AM CST 4 min read

On February 17, 2026, Grizzlyrock Capital disclosed a merchantability of 94,075 shares of Tidewater (NYSE:TDW), an estimated $4.97 cardinal commercialized based connected quarterly mean pricing.

According to a filing with the Securities and Exchange Commission (SEC) dated February 17, 2026, Grizzlyrock Capital reduced its presumption successful Tidewater (NYSE:TDW) by 94,075 shares during the 4th fourth of 2025. The estimated transaction worth was $4.97 cardinal based connected the quarter’s mean unadjusted closing price. The quarter-end worth of the remaining involvement fell by $5.12 million, capturing some stock income and marketplace terms movement.

This was a sell, leaving Tidewater astatine 1.4% of Grizzlyrock Capital's reportable assets nether absorption arsenic of December 31, 2025.
Top 5 holdings aft the filing:
- NASDAQ: GSM: $18.91 cardinal (14.2% of AUM)
- NYSE: GEL: $9.83 cardinal (7.4% of AUM)
- NASDAQ: EEFT: $9.61 cardinal (7.2% of AUM)
- NASDAQ: MGNI: $9.28 cardinal (6.9% of AUM)
- NYSE: AMN: $8.76 cardinal (6.6% of AUM)
As of Wednesday, shares of Tidewater were priced astatine $87.26, up 106% implicit the past twelvemonth and good outperforming the S&P 500’s astir 16% summation successful the aforesaid period.

Metric

Value

Price (as of Wednesday)	$87.26
Market capitalization	$4 billion
Revenue (TTM)	$1.36 billion
Net income (TTM)	$151.68 million

Tidewater provides offshore marine enactment and proscription services, including proviso and anchor handling vessels, unit boats, inferior vessels, and offshore tugs for the vigor sector.
The institution generates gross by operating and chartering a planetary fleet of vessels that enactment offshore oil, gas, and windfarm development.
It serves lipid and earthy state exploration and accumulation companies, drilling contractors, government-owned organizations, and companies progressive successful offshore operation and windfarm development.

Tidewater is simply a starring supplier of marine enactment services to the planetary offshore vigor industry, operating a divers fleet that enables captious exploration, development, and accumulation activities. The institution leverages its standard and method expertise to service some accepted lipid and state markets arsenic good arsenic the increasing offshore upwind sector. Its established lawsuit relationships and broad work offerings supply a competitory vantage successful a cyclical and capital-intensive industry.

Tidewater shares person much than doubled implicit the past year, and the banal present trades astir $87, acold up of the broader market. But the important happening present is the timing. The bulk of that surge hasbeen this year, with shares up 67%. In the twelvemonth done the extremity of past quarter, shares were really astir flat, making this perchance a telephone connected lackluster returns arsenic opposed to the eye-popping gains this year.

Operationally, the concern had a beardown 2025. Revenue climbed to astir $1.35 cardinal for the year, with improved vas utilization and time rates driving profitability. Net income, meanwhile, totaled $333.5 million, up from $179.3 cardinal 1 twelvemonth earlier. That bottommost enactment was positively impacted by a non-cash deferred taxation payment of $201.5 million.

Zoom out, and the presumption is conscionable 1.4% of reported assets, acold smaller than halfway holdings successful materials, midstream, and integer payments. That sizing tells you Tidewater is apt a tactical cyclical exposure, not a foundational bet. For semipermanent investors, it’s important to retrieve that offshore services tin make almighty currency travel successful an upcycle, but net are tied to vigor spending, and amid a triple-digit rally, that risk-reward shifts.

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