Nationwide Fund Advisors Has $260,000 Stake in Frank’s International N.V. (FI)

Nationwide Fund Advisors grew its position in Frank’s International N.V. (NYSE:FI) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,391 shares of the pipeline company’s stock after purchasing an additional 599 shares during the quarter. Nationwide Fund Advisors’ holdings in Frank’s International N.V. were worth $260,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FI. Dimensional Fund Advisors LP boosted its stake in shares of Frank’s International N.V. by 61.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 772,676 shares of the pipeline company’s stock valued at $8,166,000 after purchasing an additional 293,146 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of Frank’s International N.V. by 43.4% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock valued at $7,941,000 after purchasing an additional 290,000 shares during the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Frank’s International N.V. by 2,068.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 247,587 shares of the pipeline company’s stock valued at $2,052,000 after purchasing an additional 236,167 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Frank’s International N.V. by 190.3% in the 1st quarter. AQR Capital Management LLC now owns 353,844 shares of the pipeline company’s stock valued at $3,740,000 after purchasing an additional 231,962 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Frank’s International N.V. by 437.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 272,012 shares of the pipeline company’s stock valued at $2,255,000 after purchasing an additional 221,442 shares during the last quarter. 30.07% of the stock is currently owned by institutional investors.

In other Frank’s International N.V. news, Director D. Keith Mosing sold 350,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $7.25, for a total transaction of $2,537,500.00. Following the transaction, the director now owns 446,300 shares in the company, valued at $3,235,675. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Alejandro Cestero sold 7,355 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $6.81, for a total transaction of $50,087.55. Following the transaction, the senior vice president now owns 2,442 shares in the company, valued at approximately $16,630.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,802,355 shares of company stock worth $26,639,188. Corporate insiders own 77.90% of the company’s stock.

Frank’s International N.V. (NYSE:FI) opened at $6.86 on Monday. Frank’s International N.V. has a 1-year low of $6.03 and a 1-year high of $13.57.

Frank’s International N.V. (NYSE:FI) last released its quarterly earnings data on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Frank’s International N.V. had a negative net margin of 26.21% and a negative return on equity of 9.25%. The firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. analysts anticipate that Frank’s International N.V. will post -0.43 earnings per share for the current year.

FI has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Frank’s International N.V. in a research note on Friday, September 1st. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Frank’s International N.V. in a research note on Monday, August 7th. Barclays PLC dropped their target price on shares of Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 8th. Jefferies Group LLC set a $9.00 target price on shares of Frank’s International N.V. and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Scotiabank set a $13.00 target price on shares of Frank’s International N.V. and gave the company a “hold” rating in a research report on Tuesday, August 8th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.00.

TRADEMARK VIOLATION WARNING: “Nationwide Fund Advisors Has $260,000 Stake in Frank’s International N.V. (FI)” was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.themarketsdaily.com/2017/11/13/nationwide-fund-advisors-has-260000-stake-in-franks-international-n-v-fi.html.

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.

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frank’s International N.V. (NYSE:FI).

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

Receive News & Ratings for Frank's International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply