Goldman Sachs Group Inc. boosted its stake in shares of Frank’s International N.V. (NYSE:FI) by 178.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,440 shares of the pipeline company’s stock after buying an additional 80,333 shares during the period. Goldman Sachs Group Inc.’s holdings in Frank’s International N.V. were worth $1,325,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlueCrest Capital Management Ltd bought a new position in Frank’s International N.V. during the first quarter worth $116,000. Kelman Lazarov Inc. increased its position in Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock worth $119,000 after buying an additional 3,750 shares in the last quarter. Boyer & Corporon Wealth Management LLC bought a new position in Frank’s International N.V. during the first quarter worth $120,000. Anchor Capital Advisors LLC bought a new position in Frank’s International N.V. during the first quarter worth $121,000. Finally, US Bancorp DE bought a new position in Frank’s International N.V. during the first quarter worth $178,000. 30.12% of the stock is currently owned by institutional investors and hedge funds.

Frank’s International N.V. (FI) traded up 1.641% during midday trading on Thursday, hitting $7.125. 473,851 shares of the stock traded hands. Frank’s International N.V. has a 1-year low of $6.92 and a 1-year high of $14.86. The company has a 50-day moving average price of $8.09 and a 200-day moving average price of $9.56. The firm’s market cap is $1.59 billion.

Frank’s International N.V. (NYSE:FI) last posted its earnings results on Monday, August 7th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.02. The business had revenue of $117.70 million during the quarter, compared to analyst estimates of $113.41 million. Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. Frank’s International N.V.’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.20) earnings per share. Analysts predict that Frank’s International N.V. will post ($0.41) EPS for the current year.

Frank’s International N.V. announced that its Board of Directors has authorized a share buyback program on Thursday, May 25th that permits the company to repurchase 1,000% of shares. This repurchase authorization permits the pipeline company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Tuesday, August 29th. Frank’s International N.V.’s dividend payout ratio (DPR) is presently -40.00%.

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A number of equities analysts have weighed in on the stock. Seaport Global Securities reaffirmed a “neutral” rating on shares of Frank’s International N.V. in a research note on Tuesday. Barclays PLC cut their price target on shares of Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $8.50 price target (down previously from $10.50) on shares of Frank’s International N.V. in a research note on Tuesday. Scotiabank set a $13.00 price target on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research note on Tuesday. Finally, Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Frank’s International N.V. in a research note on Monday. Five research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.77.

In other news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the completion of the sale, the insider now directly owns 9,903,867 shares in the company, valued at $83,192,482.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 77.90% of the stock is owned by insiders.

About Frank’s International N.V.

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.

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Institutional Ownership by Quarter for Frank`s International N.V. (NYSE:FI)

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