Franks International NV (FI) Major Shareholder Melanie Christine Mosing Sells 200,000 Shares of Stock

Franks International NV (NYSE:FI) major shareholder Melanie Christine Mosing sold 200,000 shares of the company’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $8.36, for a total transaction of $1,672,000.00. Following the completion of the transaction, the insider now owns 11,340,410 shares of the company’s stock, valued at $94,805,827.60. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Melanie Christine Mosing also recently made the following trade(s):

  • On Friday, August 24th, Melanie Christine Mosing sold 300,000 shares of Franks International stock. The stock was sold at an average price of $8.86, for a total transaction of $2,658,000.00.

Shares of Franks International stock opened at $8.65 on Wednesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of -14.18 and a beta of 1.23. Franks International NV has a 1 year low of $4.93 and a 1 year high of $9.75.

Franks International (NYSE:FI) last issued its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). The company had revenue of $132.09 million during the quarter, compared to analyst estimates of $121.91 million. Franks International had a negative net margin of 36.85% and a negative return on equity of 13.50%. Franks International’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned ($0.12) EPS. analysts anticipate that Franks International NV will post -0.47 earnings per share for the current year.

Several brokerages have commented on FI. Zacks Investment Research upgraded shares of Franks International from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Seaport Global Securities set a $8.00 price target on shares of Franks International and gave the stock a “hold” rating in a research note on Thursday, August 9th. UBS Group increased their price target on shares of Franks International from $4.50 to $7.00 and gave the stock a “sell” rating in a research note on Friday, August 10th. Piper Jaffray Companies reiterated a “hold” rating and issued a $6.75 price target on shares of Franks International in a research note on Friday, July 20th. Finally, Tudor Pickering lowered shares of Franks International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.31.

Institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its stake in Franks International by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,979,405 shares of the pipeline company’s stock valued at $54,440,000 after purchasing an additional 316,479 shares in the last quarter. BlackRock Inc. increased its stake in Franks International by 28.7% during the 2nd quarter. BlackRock Inc. now owns 5,376,225 shares of the pipeline company’s stock valued at $41,935,000 after purchasing an additional 1,198,413 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Franks International by 657.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,095,107 shares of the pipeline company’s stock valued at $16,342,000 after purchasing an additional 1,818,428 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Franks International by 22.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 1,647,862 shares of the pipeline company’s stock valued at $12,853,000 after purchasing an additional 304,158 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Franks International by 65.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,450,042 shares of the pipeline company’s stock valued at $11,310,000 after purchasing an additional 572,032 shares in the last quarter. Institutional investors own 34.10% of the company’s stock.

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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Insider Buying and Selling by Quarter for Franks International (NYSE:FI)

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