Vanguard Group Inc. cut its holdings in shares of Frank’s International N.V. (NYSE:FI) by 7.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 874,100 shares of the pipeline company’s stock after selling 68,346 shares during the period. Vanguard Group Inc. owned 0.39% of Frank’s International N.V. worth $9,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in shares of Frank’s International N.V. by 206.7% in the 1st quarter. Wells Fargo & Company MN now owns 4,311,491 shares of the pipeline company’s stock valued at $45,573,000 after acquiring an additional 2,905,522 shares during the period. US Bancorp DE acquired a new stake in shares of Frank’s International N.V. in the 1st quarter valued at approximately $178,000. Bank of New York Mellon Corp raised its position in shares of Frank’s International N.V. by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 193,628 shares of the pipeline company’s stock valued at $2,047,000 after acquiring an additional 15,430 shares during the period. Comerica Bank acquired a new stake in shares of Frank’s International N.V. in the 1st quarter valued at approximately $2,031,000. Finally, Swiss National Bank raised its position in shares of Frank’s International N.V. by 37.7% in the 1st quarter. Swiss National Bank now owns 91,600 shares of the pipeline company’s stock valued at $968,000 after acquiring an additional 25,100 shares during the period. Institutional investors own 30.38% of the company’s stock.

Shares of Frank’s International N.V. (NYSE:FI) traded up 2.55% during mid-day trading on Friday, reaching $6.44. 1,792,060 shares of the company’s stock traded hands. Frank’s International N.V. has a 12 month low of $6.04 and a 12 month high of $14.86. The company’s market cap is $1.44 billion. The company has a 50 day moving average of $7.34 and a 200 day moving average of $8.85.

Frank’s International N.V. (NYSE:FI) last issued its earnings results 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 return on equity of 8.97% and a negative net margin of 35.28%. The firm had revenue of $117.70 million for the quarter, compared to analyst estimates of $113.41 million. During the same period in the previous year, the company earned ($0.20) earnings per share. Frank’s International N.V.’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts expect that Frank’s International N.V. will post ($0.42) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Tuesday, August 29th. Frank’s International N.V.’s payout ratio is -40.00%.

Frank’s International N.V. announced that its board has approved a share repurchase plan on Thursday, May 25th that authorizes the company to repurchase 1,000% of shares. This repurchase authorization authorizes the pipeline company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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A number of brokerages recently weighed in on FI. Jefferies Group LLC reiterated a “hold” rating on shares of Frank’s International N.V. in a research report on Friday, July 21st. Morgan Stanley cut their price target on shares of Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Barclays PLC set a $9.00 price target on shares of Frank’s International N.V. and gave the company a “hold” rating in a research report on Monday, May 8th. BidaskClub upgraded shares of Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Seaport Global Securities downgraded shares of Frank’s International N.V. from a “neutral” rating to a “sell” rating and cut their price target for the company from $7.00 to $6.00 in a research report on Wednesday, June 21st. Four equities 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 target price of $9.63.

In other news, major shareholder Wbm Partnership, Lp sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total transaction of $1,537,500.00. Following the transaction, the insider now directly owns 9,807,351 shares of the company’s stock, valued at $60,315,208.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Keith Mosing Family Par Donald sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $6.67, for a total value of $6,670,000.00. Following the transaction, the insider now directly owns 7,302,720 shares in the company, valued at $48,709,142.40. The disclosure for this sale can be found here. Insiders have sold 2,014,800 shares of company stock worth $13,259,320 over the last ninety days. 77.90% of the stock is owned by insiders.

About Frank’s International N.V.

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.

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

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