Franks International NV (NYSE:FI) major shareholder Gregory Stanton Mosing sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $9.00, for a total transaction of $225,000.00. Following the sale, the insider now directly owns 20,657 shares in the company, valued at approximately $185,913. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, July 24th, Gregory Stanton Mosing sold 15,500 shares of Franks International stock. The shares were sold at an average price of $8.52, for a total transaction of $132,060.00.
  • On Friday, July 20th, Gregory Stanton Mosing sold 9,500 shares of Franks International stock. The shares were sold at an average price of $8.50, for a total transaction of $80,750.00.
  • On Monday, July 9th, Gregory Stanton Mosing sold 25,000 shares of Franks International stock. The shares were sold at an average price of $8.01, for a total transaction of $200,250.00.
  • On Monday, May 14th, Gregory Stanton Mosing sold 25,000 shares of Franks International stock. The shares were sold at an average price of $7.33, for a total transaction of $183,250.00.

Shares of Franks International stock traded down $0.15 during trading on Friday, hitting $8.79. The stock had a trading volume of 1,280,757 shares, compared to its average volume of 665,269. The stock has a market cap of $2.01 billion, a P/E ratio of -14.41 and a beta of 1.21. Franks International NV has a 12 month low of $4.93 and a 12 month high of $9.75.

Franks International (NYSE:FI) last released its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The firm had revenue of $132.09 million for the quarter, compared to analysts’ expectations of $121.91 million. Franks International had a negative net margin of 36.85% and a negative return on equity of 13.25%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. equities research analysts forecast that Franks International NV will post -0.47 EPS for the current year.

A number of equities research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Franks International from $4.50 to $7.00 and gave the company a “sell” rating in a report on Friday. Zacks Investment Research cut 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. Piper Jaffray Companies reissued a “hold” rating and set a $6.75 target price on shares of Franks International in a report on Friday, July 20th. Finally, Seaport Global Securities set a $8.00 target price on shares of Franks International and gave the company a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Franks International presently has a consensus rating of “Hold” and an average price target of $8.47.

Several institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its holdings in shares of Franks International by 30.8% in the fourth quarter. Two Sigma Advisers LP now owns 39,900 shares of the pipeline company’s stock worth $265,000 after purchasing an additional 9,400 shares during the period. California Public Employees Retirement System increased its holdings in shares of Franks International by 89.7% in the first quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock worth $152,000 after purchasing an additional 13,269 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Franks International by 21.6% in the fourth quarter. Alliancebernstein L.P. now owns 76,700 shares of the pipeline company’s stock worth $510,000 after purchasing an additional 13,600 shares during the period. Rhumbline Advisers increased its holdings in shares of Franks International by 52.0% in the second quarter. Rhumbline Advisers now owns 70,914 shares of the pipeline company’s stock worth $553,000 after purchasing an additional 24,262 shares during the period. Finally, SeaBridge Investment Advisors LLC bought a new position in shares of Franks International in the second quarter worth $257,000. 33.84% of the stock is currently owned by hedge funds and other 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.

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