Insider Selling: Frank’s International N.V. (FI) Major Shareholder Sells 210,000 Shares of Stock

Frank’s International N.V. (NYSE:FI) major shareholder William Bradford Mosing sold 210,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $5.92, for a total transaction of $1,243,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

William Bradford Mosing also recently made the following trade(s):

  • On Monday, December 4th, William Bradford Mosing sold 427,972 shares of Frank’s International stock. The stock was sold at an average price of $6.54, for a total transaction of $2,798,936.88.
  • On Thursday, November 30th, William Bradford Mosing sold 468,460 shares of Frank’s International stock. The stock was sold at an average price of $6.21, for a total transaction of $2,909,136.60.
  • On Tuesday, November 28th, William Bradford Mosing sold 198,101 shares of Frank’s International stock. The stock was sold at an average price of $6.18, for a total transaction of $1,224,264.18.
  • On Tuesday, November 21st, William Bradford Mosing sold 271,177 shares of Frank’s International stock. The stock was sold at an average price of $6.46, for a total transaction of $1,751,803.42.

Frank’s International N.V. (NYSE FI) traded up $0.02 during mid-day trading on Monday, reaching $5.88. 1,599,177 shares of the company’s stock were exchanged, compared to its average volume of 1,167,770. Frank’s International N.V. has a fifty-two week low of $5.84 and a fifty-two week high of $13.00.

Frank’s International (NYSE:FI) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.11). Frank’s International had a negative net margin of 26.21% and a negative return on equity of 9.25%. The business had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $120.42 million. During the same quarter in the previous year, the company earned ($0.14) EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts expect that Frank’s International N.V. will post -0.45 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Frank’s International in the 3rd quarter worth approximately $1,293,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Frank’s International by 1,125.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 24,512 shares of the pipeline company’s stock worth $189,000 after acquiring an additional 22,512 shares during the last quarter. Gagnon Securities LLC bought a new stake in Frank’s International during the 3rd quarter valued at $124,000. Stifel Financial Corp bought a new stake in Frank’s International during the 3rd quarter valued at $278,000. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in Frank’s International by 207.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 9,096,428 shares of the pipeline company’s stock valued at $70,224,000 after buying an additional 6,137,315 shares during the last quarter. Hedge funds and other institutional investors own 31.49% of the company’s stock.

Several equities analysts have recently weighed in on FI shares. Piper Jaffray Companies reiterated a “hold” rating and issued a $5.50 target price on shares of Frank’s International in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Frank’s International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Credit Suisse Group downgraded shares of Frank’s International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 7th. Scotiabank reiterated a “hold” rating and issued a $12.00 target price on shares of Frank’s International in a research note on Friday, November 3rd. Finally, Jefferies Group reduced their target price on shares of Frank’s International from $8.00 to $7.50 and set a “hold” rating for the company in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.00.

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About Frank’s International

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

Insider Buying and Selling by Quarter for Frank`s International (NYSE:FI)

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