Trade Report: The Emerald Acquisition Ltd. Acquires 75,574 Shares of Frank’s International NV (FI)

The Emerald Acquisition Ltd. Acquires 75,574  Shares of Frank’s International NV (FI)

Emerald Acquisition Ltd. acquired a new stake in shares of Frank’s International NV (NYSE:FI) during the second quarter, Holdings Channel reports. The institutional investor acquired 75,574 shares of the company’s stock, valued at approximately $1,104,000.

A number of other large investors have also added to or reduced their stakes in the stock. Eqis Capital Management Inc. boosted its stake in shares of Frank’s International NV by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,621 shares of the company’s stock valued at $287,000 after buying an additional 125 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Frank’s International NV by 18.9% in the first quarter. Panagora Asset Management Inc. now owns 270,080 shares of the company’s stock valued at $4,451,000 after buying an additional 42,840 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Frank’s International NV during the first quarter valued at $903,000. Mariner Wealth Advisors LLC boosted its stake in shares of Frank’s International NV by 300.3% in the first quarter. Mariner Wealth Advisors LLC now owns 72,567 shares of the company’s stock valued at $1,196,000 after buying an additional 54,439 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Frank’s International NV by 4.2% in the first quarter. UBS Group AG now owns 409,463 shares of the company’s stock valued at $6,748,000 after buying an additional 16,645 shares in the last quarter. 26.85% of the stock is currently owned by institutional investors and hedge funds.

Frank’s International NV (NYSE:FI) traded up 1.20% during mid-day trading on Friday, hitting $13.53. The stock had a trading volume of 1,527,474 shares. The stock’s 50-day moving average price is $12.21 and its 200-day moving average price is $14.39. The stock’s market cap is $2.11 billion. Frank’s International NV has a 12 month low of $10.91 and a 12 month high of $18.14.

Frank’s International NV (NYSE:FI) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.13. Frank’s International NV had a negative net margin of 1.14% and a positive return on equity of 1.00%. The company had revenue of $121 million for the quarter, compared to analysts’ expectations of $142.41 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 52.4% on a year-over-year basis. On average, analysts predict that Frank’s International NV will post ($0.41) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.22%. Frank’s International NV’s payout ratio is currently -600.00%.

FI has been the topic of several analyst reports. Scotiabank reiterated a “sector perform” rating and set a $14.00 price target (down from $17.00) on shares of Frank’s International NV in a research report on Sunday, July 31st. JPMorgan Chase & Co. initiated coverage on Frank’s International NV in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $13.00 price target on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $16.00 price target (down from $18.00) on shares of Frank’s International NV in a research report on Thursday, June 30th. Seaport Global Securities reiterated a “neutral” rating on shares of Frank’s International NV in a research report on Friday, August 19th. Finally, Howard Weil decreased their price objective on shares of Frank’s International NV from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.93.

In other Frank’s International NV news, major shareholder Donald E. Mosing purchased 41,000 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were bought at an average cost of $12.15 per share, with a total value of $498,150.00. Following the acquisition, the insider now owns 91,000 shares in the company, valued at $1,105,650. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 77.40% of the company’s stock.

About Frank’s International NV

Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. 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 technically demanding wells.

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