Franks International NV (NYSE:FI) major shareholder Gregory Stanton Mosing acquired 10,000 shares of the firm’s stock in a transaction on Thursday, March 23rd. The stock was purchased at an average price of $9.67 per share, with a total value of $96,700.00. Following the acquisition, the insider now owns 50,000 shares of the company’s stock, valued at approximately $483,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Gregory Stanton Mosing also recently made the following trade(s):
- On Wednesday, March 22nd, Gregory Stanton Mosing acquired 20,000 shares of Franks International NV stock. The stock was purchased at an average price of $9.81 per share, with a total value of $196,200.00.
- On Monday, March 20th, Gregory Stanton Mosing acquired 20,000 shares of Franks International NV stock. The stock was purchased at an average price of $10.06 per share, with a total value of $201,200.00.
Franks International NV (NYSE:FI) traded up 0.20% during midday trading on Monday, reaching $10.02. The company had a trading volume of 1,003,343 shares. The firm has a 50-day moving average of $11.39 and a 200 day moving average of $12.04. The company’s market capitalization is $2.23 billion. Franks International NV has a 1-year low of $9.20 and a 1-year high of $17.73.
Franks International NV (NYSE:FI) last posted its quarterly earnings data on Thursday, February 23rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.05. Franks International NV had a negative net margin of 10.60% and a negative return on equity of 1.79%. The business had revenue of $107.98 million for the quarter, compared to analysts’ expectations of $106.92 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Franks International NV’s revenue was down 46.8% compared to the same quarter last year. On average, equities research analysts forecast that Franks International NV will post ($0.37) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Monday, March 6th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 2nd. Franks International NV’s payout ratio is currently -81.08%.
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Institutional investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted 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 worth $303,000 after buying an additional 3,724 shares during the last quarter. Boston Private Wealth LLC boosted 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 worth $276,000 after buying an additional 5,100 shares during the last quarter. Wells Fargo & Company MN boosted its position in Franks International NV by 7.8% in the third quarter. Wells Fargo & Company MN now owns 107,605 shares of the company’s stock worth $1,399,000 after buying an additional 7,774 shares during the last quarter. Alpine Partners VI LLC acquired a new position in Franks International NV during the third quarter worth about $134,000. Finally, Arete Wealth Advisors LLC acquired a new position in Franks International NV during the third quarter worth about $151,000. Institutional investors own 20.98% of the company’s stock.
A number of equities analysts have issued reports on the company. Jefferies Group LLC upgraded Franks International NV from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $10.00 to $11.00 in a report on Friday. Tudor Pickering started coverage on Franks International NV in a report on Thursday. They set a “hold” rating for the company. Zacks Investment Research downgraded Franks International NV from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Guggenheim downgraded Franks International NV from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Finally, Scotiabank set a $14.00 price target on Franks International NV and gave the company a “hold” rating in a report on Friday, February 24th. Three investment 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. Franks International NV currently has an average rating of “Hold” and a consensus price target 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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