Franks International NV (NYSE:FI) major shareholder Erich Mosing sold 164,589 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $8.38, for a total value of $1,379,255.82. Following the sale, the insider now directly owns 75,469 shares of the company’s stock, valued at $632,430.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Erich Mosing also recently made the following trade(s):

  • On Wednesday, September 5th, Erich Mosing sold 11,900 shares of Franks International stock. The stock was sold at an average price of $8.70, for a total value of $103,530.00.

Shares of FI traded up $0.12 during mid-day trading on Friday, hitting $8.57. The company’s stock had a trading volume of 94,014 shares, compared to its average volume of 804,440. The stock has a market capitalization of $1.90 billion, a P/E ratio of -13.89 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 posted its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The business had revenue of $132.09 million during the quarter, compared to analysts’ expectations of $121.91 million. Franks International had a negative return on equity of 13.50% and a negative net margin of 36.85%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS. sell-side analysts expect that Franks International NV will post -0.47 EPS for the current fiscal year.

A number of research firms have weighed in on FI. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price objective on shares of Franks International in a research report on Thursday, August 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $11.00 price objective on shares of Franks International in a research report on Thursday, August 9th. Seaport Global Securities set a $8.00 price objective on Franks International and gave the stock a “hold” rating in a research report on Thursday, August 9th. UBS Group increased their price objective on Franks International from $4.50 to $7.00 and gave the stock a “sell” rating in a research report on Friday, August 10th. Finally, Tudor Pickering cut Franks International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.31.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price Capital Management Inc. acquired a new position in Franks International during the second quarter worth $770,000. GWM Advisors LLC acquired a new position in Franks International during the first quarter worth $517,000. Silchester International Investors LLP raised its holdings in Franks International by 52.8% during the first quarter. Silchester International Investors LLP now owns 423,554 shares of the pipeline company’s stock worth $2,300,000 after purchasing an additional 146,325 shares during the last quarter. Trexquant Investment LP acquired a new position in Franks International during the first quarter worth $219,000. Finally, Dimensional Fund Advisors LP raised its holdings in Franks International by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 878,010 shares of the pipeline company’s stock worth $4,768,000 after purchasing an additional 96,478 shares during the last quarter. 34.11% of the stock is owned by institutional investors and hedge funds.

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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