William Bradford Mosing Sells 427,972 Shares of Frank’s International N.V. (FI) Stock

Frank’s International N.V. (NYSE:FI) major shareholder William Bradford Mosing sold 427,972 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $6.54, for a total value of $2,798,936.88. Following the completion of the sale, the insider now directly owns 400,902 shares in the company, valued at approximately $2,621,899.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

William Bradford Mosing also recently made the following trade(s):

  • On Thursday, November 30th, William Bradford Mosing sold 468,460 shares of Frank’s International stock. The shares were sold at an average price of $6.21, for a total value of $2,909,136.60.
  • On Tuesday, November 28th, William Bradford Mosing sold 198,101 shares of Frank’s International stock. The shares were sold at an average price of $6.18, for a total value of $1,224,264.18.
  • On Tuesday, November 21st, William Bradford Mosing sold 271,177 shares of Frank’s International stock. The shares were sold at an average price of $6.46, for a total value of $1,751,803.42.
  • On Wednesday, September 6th, William Bradford Mosing sold 350,000 shares of Frank’s International stock. The shares were sold at an average price of $6.67, for a total value of $2,334,500.00.

Frank’s International N.V. (NYSE FI) opened at $6.34 on Wednesday. Frank’s International N.V. has a 12-month low of $6.01 and a 12-month high of $13.57.

Frank’s International (NYSE:FI) last released its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Frank’s International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. During the same period in the prior year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. research analysts predict that Frank’s International N.V. will post -0.45 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC lifted its position in Frank’s International by 207.4% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 9,096,428 shares of the pipeline company’s stock worth $70,224,000 after buying an additional 6,137,315 shares during the period. FMR LLC lifted its position in Frank’s International by 4.6% during the second quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock worth $56,984,000 after buying an additional 301,283 shares during the period. State Street Corp lifted its position in Frank’s International by 39.2% during the second quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after buying an additional 399,679 shares during the period. Citadel Advisors LLC lifted its position in Frank’s International by 2.8% during the third quarter. Citadel Advisors LLC now owns 1,295,782 shares of the pipeline company’s stock worth $10,003,000 after buying an additional 35,700 shares during the period. Finally, Vanguard Group Inc. lifted its position in Frank’s International by 28.6% during the second quarter. Vanguard Group Inc. now owns 1,124,203 shares of the pipeline company’s stock worth $9,319,000 after buying an additional 250,103 shares during the period. Hedge funds and other institutional investors own 31.49% of the company’s stock.

A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $10.00 price objective on shares of Frank’s International in a research note on Friday, September 1st. Deutsche Bank assumed coverage on Frank’s International in a research note on Tuesday, October 10th. They set a “hold” rating and a $7.00 price objective on the stock. Credit Suisse Group lowered Frank’s International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 7th. J P Morgan Chase & Co decreased their price objective on Frank’s International from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $8.00 price objective on shares of Frank’s International in a research note on Monday, October 16th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Frank’s International has an average rating of “Hold” and a consensus target price of $8.00.

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Frank’s International 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 (NYSE:FI)

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