Franks International NV (FI) Major Shareholder Gregory Stanton Mosing Purchased 10,000 Shares of Shares

Franks International NV (FI) Major Shareholder Gregory Stanton Mosing Purchased 10,000 Shares of Shares

Franks International NV (NYSE:FI) major shareholder Gregory Stanton Mosing acquired 10,000 shares of the company’s stock in a transaction on Thursday, March 23rd. The stock was bought at an average price of $9.67 per share, for a total transaction of $96,700.00. Following the purchase, the insider now owns 50,000 shares in the company, valued at approximately $483,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gregory Stanton Mosing also recently made the following trade(s):

Shares of Franks International NV (NYSE:FI) traded up 2.745% on Tuesday, hitting $10.295. 423,594 shares of the stock traded hands. The firm’s 50 day moving average is $11.39 and its 200 day moving average is $12.04. The firm’s market capitalization is $2.29 billion. Franks International NV has a 52 week low of $9.20 and a 52 week high of $17.73.

Franks International NV (NYSE:FI) last released its quarterly earnings data on Thursday, February 23rd. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.05. Franks International NV had a negative return on equity of 1.79% and a negative net margin of 10.60%. The firm had revenue of $107.98 million for the quarter, compared to the consensus estimate of $106.92 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue was down 46.8% compared to the same quarter last year. On average, analysts expect that Franks International NV will post ($0.37) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Monday, March 6th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 2nd. Franks International NV’s payout ratio is -81.08%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alpine Partners VI LLC purchased a new position in Franks International NV during the third quarter valued at $134,000. Arete Wealth Advisors LLC purchased a new position in Franks International NV during the third quarter valued at $151,000. Concert Wealth Management Inc. purchased a new position in Franks International NV during the third quarter valued at $233,000. Boston Private Wealth LLC raised its position in Franks International NV by 31.6% in the third quarter. Boston Private Wealth LLC now owns 21,226 shares of the company’s stock valued at $276,000 after buying an additional 5,100 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in Franks International NV by 19.0% in the third quarter. Eqis Capital Management Inc. now owns 23,345 shares of the company’s stock valued at $303,000 after buying an additional 3,724 shares during the last quarter. 20.98% of the stock is currently owned by institutional investors and hedge funds.

FI has been the topic of several research reports. Zacks Investment Research upgraded shares of Franks International NV from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, January 10th. Royal Bank of Canada lowered shares of Franks International NV from a “sector perform” rating to an “underperform” rating and upped their price objective for the company from $11.00 to $14.00 in a research note on Friday, December 16th. Goldman Sachs Group Inc lowered shares of Franks International NV from a “neutral” rating to a “sell” rating and set a $8.00 price objective on the stock. in a research note on Friday, December 16th. Guggenheim lowered shares of Franks International NV from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Finally, Scotiabank set a $14.00 price objective on shares of Franks International NV and gave the company a “hold” rating in a research note on Friday, February 24th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.04.

Franks International NV Company Profile

Franks International NV is a provider of engineered tubular services to the oil and gas industry based in the Netherlands. The Company operates through three business segments: International Services, U.S. Services and Tubular Sales. The Company provides services to exploration and production companies in both offshore and onshore environments, with a focus on wells.

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