Frank’s International N.V. (NYSE:FI) major shareholder William Bradford Mosing sold 350,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $6.67, for a total value of $2,334,500.00. Following the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $66,700. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Frank’s International N.V. (NYSE FI) traded down 2.07% during mid-day trading on Friday, hitting $6.62. The company 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 50 day moving average is $7.14 and its 200 day moving average is $8.70. The company’s market capitalization is $1.48 billion.

Frank’s International N.V. (NYSE:FI) last released 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. The company had revenue of $117.70 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) earnings per share. On average, equities research analysts predict that Frank’s International N.V. will post ($0.42) EPS for the current year.

Frank’s International N.V. declared that its Board of Directors has approved a stock buyback plan on Thursday, May 25th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the pipeline company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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

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Several institutional investors have recently made changes to their positions in the company. TIAA CREF Investment Management LLC lifted its position in shares of Frank’s International N.V. by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 161,828 shares of the pipeline company’s stock valued at $1,342,000 after acquiring an additional 468 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Frank’s International N.V. by 1.9% in the second quarter. Nationwide Fund Advisors now owns 31,391 shares of the pipeline company’s stock valued at $260,000 after acquiring an additional 599 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Frank’s International N.V. by 0.3% in the first quarter. Clearbridge Investments LLC now owns 186,046 shares of the pipeline company’s stock valued at $1,967,000 after acquiring an additional 631 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Frank’s International N.V. by 7.2% in the first quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock valued at $204,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Boston Private Wealth LLC lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 30.38% of the company’s stock.

FI has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $10.50 price target on shares of Frank’s International N.V. in a research report on Tuesday, June 6th. BidaskClub raised Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Morgan Stanley cut Frank’s International N.V. from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $13.00 to $9.00 in a research report on Wednesday, June 21st. Seaport Global Securities cut Frank’s International N.V. from a “neutral” rating to a “sell” rating and dropped their price target for the company from $7.00 to $6.00 in a research report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $8.00 price target on Frank’s International N.V. and gave the company a “hold” rating in a research report on Monday, August 7th. Four 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. The stock has a consensus rating of “Hold” and an average price target of $9.63.

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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