Frank’s International N.V. (NYSE:FI) major shareholder Wbm Partnership, Lp sold 450,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $7.49, for a total transaction of $3,370,500.00. Following the transaction, the insider now directly owns 8,653,867 shares of the company’s stock, valued at approximately $64,817,463.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Wbm Partnership, Lp also recently made the following trade(s):

  • On Thursday, September 7th, Wbm Partnership, Lp sold 600,000 shares of Frank’s International N.V. stock. The shares were sold at an average price of $6.69, for a total transaction of $4,014,000.00.
  • On Monday, August 28th, Wbm Partnership, Lp sold 250,000 shares of Frank’s International N.V. stock. The shares were sold at an average price of $6.37, for a total transaction of $1,592,500.00.
  • On Wednesday, August 23rd, Wbm Partnership, Lp sold 250,000 shares of Frank’s International N.V. stock. The shares were sold at an average price of $6.15, for a total transaction of $1,537,500.00.

Shares of Frank’s International N.V. (FI) traded up 1.20% during midday trading on Friday, reaching $7.59. 1,835,262 shares of the company traded hands. Frank’s International N.V. has a 1-year low of $6.04 and a 1-year high of $14.86. The company has a 50 day moving average price of $6.95 and a 200 day moving average price of $8.53. The company’s market capitalization is $1.69 billion.

Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $117.70 million for the quarter, compared to the consensus estimate of $113.41 million. Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.20) EPS. On average, analysts expect that Frank’s International N.V. will post ($0.42) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a dividend of $0.075 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.30 annualized dividend and a dividend yield of 3.95%. Frank’s International N.V.’s dividend payout ratio (DPR) is presently -40.00%.

Frank’s International N.V. declared that its board has approved a stock repurchase program on Thursday, May 25th that permits the company to buyback 1,000% of shares. This buyback authorization permits the pipeline company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. raised its stake in shares of Frank’s International N.V. by 726.2% during the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock worth $101,000 after acquiring an additional 10,690 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Frank’s International N.V. during the 1st quarter worth approximately $116,000. Legal & General Group Plc raised its stake in shares of Frank’s International N.V. by 567.8% during the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $118,000 after acquiring an additional 12,163 shares in the last quarter. Boyer & Corporon Wealth Management LLC acquired a new position in Frank’s International N.V. during the 1st quarter valued at approximately $120,000. Finally, Anchor Capital Advisors LLC acquired a new position in Frank’s International N.V. during the 1st quarter valued at approximately $121,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.

A number of equities analysts have weighed in on FI shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $10.50 target price on shares of Frank’s International N.V. in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Morgan Stanley cut shares of Frank’s International N.V. from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $13.00 to $9.00 in a report on Wednesday, June 21st. Seaport Global Securities cut shares of Frank’s International N.V. from a “neutral” rating to a “sell” rating and cut their price target for the company from $7.00 to $6.00 in a report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $8.00 price target on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Monday, August 7th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.38.

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.

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

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