Investment Centers of America Inc. held its position in Frank’s International N.V. (NYSE:FI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,838 shares of the pipeline company’s stock at the close of the 2nd quarter. Investment Centers of America Inc.’s holdings in Frank’s International N.V. were worth $670,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UBS Group AG lifted its holdings in Frank’s International N.V. by 2,045.1% in the first quarter. UBS Group AG now owns 107,167 shares of the pipeline company’s stock valued at $1,133,000 after acquiring an additional 102,171 shares during the period. Boston Private Wealth LLC lifted its holdings in Frank’s International N.V. by 12.1% in the first quarter. Boston Private Wealth LLC now owns 39,005 shares of the pipeline company’s stock valued at $412,000 after acquiring an additional 4,208 shares during the period. Anchor Capital Advisors LLC acquired a new stake in Frank’s International N.V. in the first quarter valued at $121,000. Morgan Stanley lifted its holdings in Frank’s International N.V. by 244.4% in the first quarter. Morgan Stanley now owns 137,236 shares of the pipeline company’s stock valued at $1,451,000 after acquiring an additional 97,391 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Frank’s International N.V. in the first quarter valued at $6,420,000. 30.38% of the stock is owned by institutional investors.

A number of research firms have commented on FI. BidaskClub raised Frank’s International N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Royal Bank Of Canada raised Frank’s International N.V. from an “underperform” rating to an “outperform” rating and raised their target price for the company from $9.00 to $10.00 in a report on Friday, August 25th. J P Morgan Chase & Co cut their price target on Frank’s International N.V. from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Frank’s International N.V. in a research note on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Frank’s International N.V. in a research note on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. Frank’s International N.V. currently has a consensus rating of “Hold” and an average price target of $9.38.

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In related news, major shareholder Wbm Partnership, Lp sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total transaction of $1,537,500.00. Following the completion of the transaction, the insider now owns 9,807,351 shares of the company’s stock, valued at $60,315,208.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director D. Keith Mosing sold 500,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $6.67, for a total value of $3,335,000.00. Following the transaction, the director now directly owns 796,300 shares of the company’s stock, valued at approximately $5,311,321. The disclosure for this sale can be found here. Insiders have sold 3,407,355 shares of company stock valued at $22,904,088 in the last ninety days. Company insiders own 77.90% of the company’s stock.

Shares of Frank’s International N.V. (NYSE:FI) traded up 1.20% on Friday, reaching $7.59. 1,835,262 shares of the company traded hands. The firm has a 50-day moving average of $6.93 and a 200-day moving average of $8.50. Frank’s International N.V. has a 52-week low of $6.04 and a 52-week high of $14.86. The company’s market capitalization is $1.69 billion.

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

Frank’s International N.V. announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 25th that authorizes the company to buyback 1,000% of shares. This buyback authorization authorizes the pipeline company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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

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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