Frank’s International N.V. (NYSE:FI) major shareholder William Bradford Mosing sold 468,460 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $6.21, for a total value of $2,909,136.60. Following the transaction, the insider now directly owns 900,902 shares of the company’s stock, valued at $5,594,601.42. The sale was disclosed in a legal filing 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.

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

  • 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 value 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 value of $1,751,803.42.
  • On Wednesday, September 6th, William Bradford Mosing sold 350,000 shares of Frank’s International stock. The stock was sold at an average price of $6.67, for a total value of $2,334,500.00.

Frank’s International N.V. (FI) traded up $0.27 during mid-day trading on Friday, reaching $6.50. The company had a trading volume of 1,732,588 shares, compared to its average volume of 1,177,127. Frank’s International N.V. has a 12-month low of $6.01 and a 12-month high of $13.57.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley lifted its stake in Frank’s International 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 buying an additional 97,391 shares during the last quarter. FMR LLC lifted its stake in Frank’s International by 4.6% in the second quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock valued at $56,984,000 after buying an additional 301,283 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Frank’s International by 52.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 250,309 shares of the pipeline company’s stock valued at $2,076,000 after buying an additional 86,246 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in Frank’s International by 43.4% in the second quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock valued at $7,941,000 after buying an additional 290,000 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in Frank’s International by 10,360.6% in the second quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock valued at $10,446,000 after buying an additional 1,248,036 shares during the last quarter. Institutional investors own 31.56% of the company’s stock.

A number of equities analysts have recently commented on the company. Scotiabank reissued a “hold” rating and set a $12.00 price objective on shares of Frank’s International in a research report on Friday, November 3rd. Piper Jaffray Companies reissued a “hold” rating on shares of Frank’s International in a research report on Sunday, October 22nd. Royal Bank Of Canada upgraded Frank’s International from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $9.00 to $10.00 in a research note on Friday, August 25th. Jefferies Group decreased their target price on 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. Finally, J P Morgan Chase & Co decreased their target price on Frank’s International from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. 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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