Franks International NV (NYSE:FI) Director Sells $382,710.79 in Stock

Franks International NV (NYSE:FI) Director Steven B. Mosing sold 63,679 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $6.01, for a total transaction of $382,710.79. Following the sale, the director now owns 2,998,819 shares in the company, valued at $18,022,902.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Franks International stock traded up $0.06 during mid-day trading on Friday, hitting $5.46. 5,779,368 shares of the stock were exchanged, compared to its average volume of 684,844. The company has a quick ratio of 3.30, a current ratio of 3.95 and a debt-to-equity ratio of 0.03. Franks International NV has a 12 month low of $4.80 and a 12 month high of $9.75. The firm’s fifty day moving average price is $5.89. The firm has a market capitalization of $1.19 billion, a PE ratio of -13.00 and a beta of 1.49.

Franks International (NYSE:FI) last released its quarterly earnings results on Tuesday, May 7th. The pipeline company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $144.40 million for the quarter, compared to the consensus estimate of $136.88 million. Franks International had a negative return on equity of 7.65% and a negative net margin of 13.96%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. On average, analysts forecast that Franks International NV will post -0.22 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of Franks International from a “hold” rating to a “strong sell” rating in a report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $8.29.

Several hedge funds have recently made changes to their positions in FI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Franks International by 138.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 3,755 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Franks International by 41.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 1,950 shares during the last quarter. SG Americas Securities LLC purchased a new position in Franks International during the 1st quarter worth $79,000. BNP Paribas Arbitrage SA boosted its holdings in Franks International by 317.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,352 shares of the pipeline company’s stock worth $102,000 after acquiring an additional 12,431 shares during the last quarter. Finally, CWM Advisors LLC boosted its holdings in Franks International by 26.5% during the 4th quarter. CWM Advisors LLC now owns 16,632 shares of the pipeline company’s stock worth $87,000 after acquiring an additional 3,484 shares during the last quarter. 38.42% of the stock is 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.

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