Nuance Investments LLC decreased its stake in shares of Frank’s International N.V. (NYSE:FI) by 14.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,086,834 shares of the pipeline company’s stock after selling 1,218,824 shares during the period. Frank’s International N.V. makes up 4.4% of Nuance Investments LLC’s portfolio, making the stock its 5th largest position. Nuance Investments LLC owned about 3.18% of Frank’s International N.V. worth $58,750,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. BlueCrest Capital Management Ltd purchased a new position in shares of Frank’s International N.V. during the first quarter valued at approximately $116,000. Legal & General Group Plc increased its position in shares of Frank’s International N.V. by 567.8% in the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after buying an additional 12,163 shares during the period. Boyer & Corporon Wealth Management LLC purchased a new position in shares of Frank’s International N.V. during the first quarter valued at approximately $120,000. Anchor Capital Advisors LLC purchased a new position in shares of Frank’s International N.V. during the first quarter valued at approximately $121,000. Finally, US Bancorp DE purchased a new position in shares of Frank’s International N.V. during the first quarter valued at approximately $178,000. 30.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Frank’s International N.V. (NYSE:FI) opened at 6.23 on Friday. The stock’s market cap is $1.39 billion. Frank’s International N.V. has a one year low of $6.03 and a one year high of $14.86. The firm has a 50-day moving average of $7.40 and a 200-day moving average of $8.89.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.02. Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. The company had revenue of $117.70 million for the quarter, compared to the consensus estimate of $113.41 million. During the same quarter in the previous year, the business earned ($0.20) EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that Frank’s International N.V. will post ($0.42) earnings per share for the current fiscal year.

Frank’s International N.V. announced that its board has approved a stock repurchase plan on Thursday, May 25th that allows the company to repurchase 1,000% of shares. This repurchase authorization allows the pipeline company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.30 annualized dividend and a dividend yield of 4.78%. Frank’s International N.V.’s dividend payout ratio is currently -40.00%.

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Several equities analysts have recently commented on the stock. BidaskClub raised shares of Frank’s International N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Morgan Stanley lowered their price objective on shares of Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. Barclays PLC set a $9.00 price objective on shares of Frank’s International N.V. and gave the company a “hold” rating in a research note on Monday, May 8th. Royal Bank Of Canada raised shares of Frank’s International N.V. from an “underperform” rating to an “outperform” rating and upped their price objective for the company from $9.00 to $10.00 in a research note on Friday, August 25th. Finally, Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Frank’s International N.V. in a research note on Monday, August 7th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $9.63.

In other news, major shareholder Keith Mosing Family Par Donald sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $6.67, for a total value of $6,670,000.00. Following the completion of the sale, the insider now owns 7,302,720 shares in the company, valued at approximately $48,709,142.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Wbm Partnership, Lp sold 14,800 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total transaction of $124,320.00. Following the completion of the sale, the insider now owns 9,903,867 shares of the company’s stock, valued at approximately $83,192,482.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,014,800 shares of company stock valued at $13,259,320. Company 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.

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

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