Franks International NV (NYSE:FI) major shareholder Melanie Christine Mosing sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $8.36, for a total transaction of $1,672,000.00. Following the sale, the insider now owns 11,340,410 shares of the company’s stock, valued at $94,805,827.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares 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 shares were sold at an average price of $8.86, for a total transaction of $2,658,000.00.

Shares of NYSE FI opened at $8.65 on Wednesday. The stock has a market cap of $1.88 billion, a PE ratio of -14.18 and a beta of 1.23. Franks International NV has a 52-week low of $4.93 and a 52-week high of $9.75.

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

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Franks International from $4.50 to $7.00 and gave the company a “sell” rating in a report on Friday, August 10th. Tudor Pickering downgraded shares of Franks International from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Zacks Investment Research downgraded shares of Franks International from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. ValuEngine raised shares of Franks International from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $6.75 price target on shares of Franks International in a report on Friday, July 20th. Three 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 company. Franks International currently has a consensus rating of “Hold” and a consensus price target of $8.31.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Price Capital Management Inc. purchased a new position in shares of Franks International in the second quarter worth approximately $770,000. GWM Advisors LLC purchased a new position in shares of Franks International in the first quarter worth approximately $517,000. Silchester International Investors LLP boosted its holdings in shares of Franks International by 52.8% in the first quarter. Silchester International Investors LLP now owns 423,554 shares of the pipeline company’s stock worth $2,300,000 after buying an additional 146,325 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Franks International in the first quarter worth approximately $219,000. Finally, Swiss National Bank boosted its holdings in shares of Franks International by 40.4% in the second quarter. Swiss National Bank now owns 136,200 shares of the pipeline company’s stock worth $1,062,000 after buying an additional 39,200 shares during the last quarter. 34.10% of the stock is currently owned by institutional investors.

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.

Further Reading: Beta

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

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