Franks International NV (FI) Major Shareholder Sells $38,750.00 in Stock

Franks International NV (NYSE:FI) major shareholder Gregory Stanton Mosing sold 5,000 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $7.75, for a total value of $38,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

FI stock traded down $0.04 during midday trading on Tuesday, reaching $7.45. 29,916 shares of the stock were exchanged, compared to its average volume of 585,265. The firm has a market capitalization of $1.73 billion, a P/E ratio of -12.21 and a beta of 1.32. Franks International NV has a 52 week low of $4.93 and a 52 week high of $9.75.

Franks International (NYSE:FI) last released its quarterly earnings results on Tuesday, November 6th. The pipeline company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. Franks International had a negative return on equity of 12.75% and a negative net margin of 37.17%. The firm had revenue of $129.00 million for the quarter, compared to analyst estimates of $126.82 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The business’s revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts anticipate that Franks International NV will post -0.44 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FI. California Public Employees Retirement System grew its position in shares of Franks International by 89.7% in the 1st quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock valued at $152,000 after buying an additional 13,269 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Franks International in the 3rd quarter valued at about $170,000. SeaBridge Investment Advisors LLC bought a new stake in shares of Franks International during the 2nd quarter valued at about $257,000. Rhumbline Advisers boosted its position in shares of Franks International by 52.0% during the 2nd quarter. Rhumbline Advisers now owns 70,914 shares of the pipeline company’s stock valued at $553,000 after purchasing an additional 24,262 shares in the last quarter. Finally, Price Capital Management Inc. bought a new stake in shares of Franks International during the 2nd quarter valued at about $770,000. Hedge funds and other institutional investors own 34.08% of the company’s stock.

A number of equities research analysts recently weighed in on FI shares. Royal Bank of Canada restated a “buy” rating and set a $11.00 price objective on shares of Franks International in a research report on Thursday, August 9th. Jefferies Financial Group restated a “hold” rating and set a $9.00 price objective on shares of Franks International in a research report on Thursday, August 9th. ValuEngine upgraded Franks International from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Tudor Pickering lowered Franks International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Barclays restated a “hold” rating and set a $7.00 price objective on shares of Franks International in a research report on Monday, August 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.29.

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About Franks International

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.

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