Investment Centers of America Inc. Acquires Shares of 80,838 Frank’s International N.V. (FI)

Investment Centers of America Inc. acquired a new stake in Frank’s International N.V. (NYSE:FI) during the first quarter, according to its most recent filing with the SEC. The firm acquired 80,838 shares of the pipeline company’s stock, valued at approximately $854,000.

A number of other large investors have also recently added to or reduced their stakes in FI. Boston Private Wealth LLC boosted its stake 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 worth $412,000 after buying an additional 4,208 shares in the last quarter. Norges Bank bought a new stake in shares of Frank’s International N.V. during the fourth quarter worth $5,008,000. Anchor Capital Advisors LLC bought a new stake in shares of Frank’s International N.V. during the first quarter worth $121,000. Dimensional Fund Advisors LP boosted its stake in shares of Frank’s International N.V. by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 479,530 shares of the pipeline company’s stock worth $5,903,000 after buying an additional 14,721 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Frank’s International N.V. during the first quarter worth $6,310,000. Hedge funds and other institutional investors own 30.24% of the company’s stock.

Institutional Ownership by Quarter for Frank`s International N.V. (NYSE:FI)

Shares of Frank’s International N.V. (NYSE:FI) traded up 3.78% on Friday, reaching $8.52. 1,343,325 shares of the company were exchanged. The company has a 50-day moving average price of $8.26 and a 200 day moving average price of $10.76. The stock’s market capitalization is $1.90 billion. Frank’s International N.V. has a 1-year low of $7.02 and a 1-year high of $16.49.

Frank’s International N.V. (NYSE:FI) last released its earnings results on Tuesday, May 2nd. The pipeline company reported ($0.12) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). The company had revenue of $110.73 million during the quarter, compared to analysts’ expectations 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%. Frank’s International N.V.’s revenue for the quarter was down 27.9% on a year-over-year basis. On average, analysts forecast that Frank’s International N.V. will post ($0.40) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Wednesday, May 31st. Frank’s International N.V.’s dividend payout ratio (DPR) is currently -36.14%.

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FI has been the subject of a number of recent analyst reports. Tudor Pickering initiated coverage on shares of Frank’s International N.V. in a research report on Thursday, March 23rd. They set a “hold” rating for the company. Jefferies Group LLC reiterated a “hold” rating and set a $11.00 price target on shares of Frank’s International N.V. in a research report on Wednesday, April 26th. Guggenheim cut shares of Frank’s International N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Zacks Investment Research upgraded shares of Frank’s International N.V. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, March 1st. Finally, Scotiabank set a $14.00 price target on shares of Frank’s International N.V. and gave the company a “hold” rating in a research report on Friday, February 24th. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Frank’s International N.V. presently has an average rating of “Hold” and a consensus price target of $11.35.

In related news, Director Steven B. Mosing sold 2,000,000 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $9.00, for a total transaction of $18,000,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Gregory Stanton Mosing acquired 20,000 shares of Frank’s International N.V. stock in a transaction that occurred on Monday, March 20th. The shares were purchased at an average price of $10.06 per share, for a total transaction of $201,200.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $100,600. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 50,000 shares of company stock valued at $494,100 and have sold 2,494,800 shares valued at $22,171,320. Corporate insiders own 77.90% of the company’s stock.

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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