Frank’s International N.V. (NYSE:FI) major shareholder Wbm Partnership, Lp sold 450,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $7.49, for a total value of $3,370,500.00. Following the completion of the transaction, the insider now directly owns 8,653,867 shares in the company, valued at $64,817,463.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 Thursday, September 7th, Wbm Partnership, Lp sold 600,000 shares of Frank’s International N.V. stock. The shares were sold at an average price of $6.69, for a total value of $4,014,000.00.
  • 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.

Shares of Frank’s International N.V. (NYSE:FI) traded up 0.20% on Thursday, reaching $7.51. The company had a trading volume of 1,781,418 shares. Frank’s International N.V. has a 12 month low of $6.04 and a 12 month high of $14.86. The firm’s market capitalization is $1.68 billion. The company’s 50-day moving average is $6.95 and its 200 day moving average is $8.53.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data 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). Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. The firm had revenue of $117.70 million during the quarter, compared to the consensus estimate of $113.41 million. During the same quarter in the prior year, the business posted ($0.20) EPS. Frank’s International N.V.’s revenue was down 2.7% compared to the same quarter last year. Equities analysts forecast that Frank’s International N.V. will post ($0.42) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.99%. Frank’s International N.V.’s dividend payout ratio is currently -40.00%.

Frank’s International N.V. declared that its board has approved a stock buyback program on Thursday, May 25th that authorizes the company to buyback 1,000% of shares. This buyback authorization authorizes the pipeline company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities analysts have issued reports on the company. Seaport Global Securities reaffirmed a “neutral” rating on shares of Frank’s International N.V. in a research report on Tuesday, August 8th. Capital One Financial Corporation reissued an “equal weight” rating on shares of Frank’s International N.V. in a research report on Monday, August 7th. Scotiabank set a $13.00 price target on Frank’s International N.V. and gave the company a “hold” rating in a research report on Tuesday, August 8th. 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. Finally, J P Morgan Chase & Co dropped their price target on Frank’s International N.V. from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.38.

Several institutional investors have recently bought and sold shares of FI. Massachusetts Financial Services Co. MA lifted its position in shares of Frank’s International N.V. by 117.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,609,972 shares of the pipeline company’s stock worth $48,727,000 after buying an additional 2,490,837 shares during the period. Citadel Advisors LLC lifted its position in shares of Frank’s International N.V. by 10,360.6% during the 2nd quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock worth $10,446,000 after buying an additional 1,248,036 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Frank’s International N.V. during the 1st quarter worth approximately $6,420,000. Laurion Capital Management LP bought a new position in shares of Frank’s International N.V. during the 1st quarter worth approximately $6,310,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of Frank’s International N.V. by 24.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,969,690 shares of the pipeline company’s stock worth $31,390,000 after buying an additional 576,950 shares during the period. Institutional investors and hedge funds own 30.38% of the company’s stock.

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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