Frank’s International N.V. (NYSE:FI) major shareholder Wbm Partnership, Lp sold 600,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $6.69, for a total value of $4,014,000.00. Following the completion of the sale, the insider now owns 9,053,867 shares in the company, valued at $60,570,370.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 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 value 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 value of $1,537,500.00.
  • On Wednesday, June 14th, Wbm Partnership, Lp sold 14,800 shares of Frank’s International N.V. stock. The shares were sold at an average price of $8.40, for a total value of $124,320.00.

Frank’s International N.V. (NYSE:FI) traded down 2.07% during trading on Friday, hitting $6.62. The stock had a trading volume of 1,247,301 shares. Frank’s International N.V. has a 52-week low of $6.03 and a 52-week high of $14.86. The firm’s market cap is $1.48 billion. The company has a 50-day moving average of $7.14 and a 200 day moving average of $8.70.

Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings results on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.02. The business 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 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 period in the prior year, the business earned ($0.20) earnings per share. On average, equities research analysts predict 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 initiated a stock buyback program on Thursday, May 25th that permits the company to repurchase 1,000% of outstanding shares. This repurchase authorization permits the pipeline company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.30 annualized dividend and a dividend yield of 4.53%. Frank’s International N.V.’s dividend payout ratio (DPR) is -40.00%.

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Several hedge funds have recently modified their holdings of the company. Sterneck Capital Management LLC increased its holdings in shares of Frank’s International N.V. by 11.3% in the second quarter. Sterneck Capital Management LLC now owns 299,315 shares of the pipeline company’s stock worth $2,481,000 after purchasing an additional 30,285 shares during the last quarter. National Asset Management Inc. bought a new stake in shares of Frank’s International N.V. in the second quarter worth about $262,000. California State Teachers Retirement System increased its holdings in shares of Frank’s International N.V. by 22.2% in the second quarter. California State Teachers Retirement System now owns 88,333 shares of the pipeline company’s stock worth $732,000 after purchasing an additional 16,051 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Frank’s International N.V. by 17,195.8% in the second quarter. The Manufacturers Life Insurance Company now owns 40,818 shares of the pipeline company’s stock worth $338,000 after purchasing an additional 40,582 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Frank’s International N.V. by 39.2% in the second quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after purchasing an additional 399,679 shares during the last quarter. 30.38% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on FI shares. Royal Bank Of Canada restated a “buy” rating and issued a $10.00 target price on shares of Frank’s International N.V. in a research note on Friday, September 1st. Seaport Global Securities restated a “neutral” rating on shares of Frank’s International N.V. in a research note on Tuesday, August 8th. Scotiabank set a $13.00 target price on Frank’s International N.V. and gave the company a “hold” rating in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “hold” rating and issued a $10.50 target price on shares of Frank’s International N.V. in a research note on Tuesday, June 6th. Finally, BidaskClub lowered Frank’s International N.V. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.63.

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.

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

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