Frank’s International N.V. (FI) Major Shareholder Sells $124,320.00 in Stock

Frank’s International N.V. (NYSE:FI) major shareholder Wbm Partnership, Lp sold 14,800 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 9,903,867 shares in the company, valued at approximately $83,192,482.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Frank’s International N.V. (NYSE FI) traded up 3.78% during midday trading on Friday, hitting $8.52. The company’s stock had a trading volume of 1,343,325 shares. Frank’s International N.V. has a 1-year low of $7.02 and a 1-year high of $16.49. The company has a 50-day moving average price of $8.26 and a 200 day moving average price of $10.76. The company’s market cap is $1.90 billion.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data on Tuesday, May 2nd. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The company had revenue of $110.73 million for the quarter, compared to the consensus estimate of $107.79 million. Frank’s International N.V. had a negative return on equity of 8.41% and a negative net margin of 36.25%. The firm’s quarterly revenue was down 27.9% compared to the same quarter last year. On average, equities research analysts predict that Frank’s International N.V. will post ($0.40) EPS for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Wednesday, May 31st. Frank’s International N.V.’s payout ratio is -36.14%.

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A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE purchased a new stake in shares of Frank’s International N.V. during the first quarter worth approximately $178,000. Wedge Capital Management L L P NC purchased a new stake in shares of Frank’s International N.V. during the first quarter worth approximately $23,095,000. Tocqueville Asset Management L.P. raised its stake in shares of Frank’s International N.V. by 23.9% in the first quarter. Tocqueville Asset Management L.P. now owns 667,900 shares of the pipeline company’s stock worth $7,060,000 after buying an additional 129,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Frank’s International N.V. by 206.7% in the first quarter. Wells Fargo & Company MN now owns 4,311,491 shares of the pipeline company’s stock worth $45,573,000 after buying an additional 2,905,522 shares during the last quarter. Finally, Kelman Lazarov Inc. raised its stake in shares of 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 during the last quarter. 30.24% of the stock is owned by institutional investors and hedge funds.

FI has been the topic of several analyst reports. Zacks Investment Research lowered Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Jefferies Group LLC raised Frank’s International N.V. from an “underperform” rating to a “hold” rating and increased their target price for the company from $10.00 to $11.00 in a research note on Friday, March 24th. Morgan Stanley cut their target price on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Tudor Pickering initiated coverage on Frank’s International N.V. in a research note on Thursday, March 23rd. They issued a “hold” rating on the stock. Finally, Barclays PLC set a $9.00 target price on Frank’s International N.V. and gave the company a “hold” rating in a research note on Monday, May 8th. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.35.

Frank’s International N.V. Company Profile

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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