Ameriprise Financial Inc. Buys 15,015 Shares of Frank’s International N.V. (NYSE:FI)

Ameriprise Financial Inc. increased its position in Frank’s International N.V. (NYSE:FI) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,470 shares of the pipeline company’s stock after buying an additional 15,015 shares during the period. Ameriprise Financial Inc. owned 0.06% of Frank’s International N.V. worth $1,532,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of FI. Kelman Lazarov Inc. boosted its stake in Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock worth $119,000 after buying an additional 3,750 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Frank’s International N.V. by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 479,530 shares of the pipeline company’s stock worth $5,903,000 after buying an additional 14,721 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Frank’s International N.V. by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 193,628 shares of the pipeline company’s stock worth $2,047,000 after buying an additional 15,430 shares during the last quarter. US Bancorp DE acquired a new stake in shares of Frank’s International N.V. during the first quarter worth about $178,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Frank’s International N.V. during the fourth quarter worth about $253,000. Hedge funds and other institutional investors own 30.24% of the company’s stock.

Shares of Frank’s International N.V. (FI) opened at 8.53 on Friday. The stock’s market capitalization is $1.90 billion. Frank’s International N.V. has a 12-month low of $7.02 and a 12-month high of $15.44. The firm’s 50-day moving average price is $8.03 and its 200 day moving average price is $10.43.

Frank’s International N.V. (NYSE:FI) last announced its earnings results on Tuesday, May 2nd. The pipeline company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). Frank’s International N.V. had a negative return on equity of 8.41% and a negative net margin of 36.25%. The firm had revenue of $110.73 million during the quarter, compared to the consensus estimate of $107.79 million. The business’s revenue was down 27.9% on a year-over-year basis. Analysts predict that Frank’s International N.V. will post ($0.40) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 31st. This represents a $0.30 annualized dividend and a yield of 3.52%. Frank’s International N.V.’s payout ratio is -36.14%.

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FI has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Jefferies Group LLC reissued a “hold” rating and issued a $10.50 price target on shares of Frank’s International N.V. in a research note on Tuesday, June 6th. Barclays PLC set a $9.00 price target on Frank’s International N.V. and gave the stock a “hold” rating in a research note on Monday, May 8th. Scotiabank reissued a “hold” rating and issued a $14.00 price target on shares of Frank’s International N.V. in a research note on Friday, March 31st. Finally, Tudor Pickering initiated coverage on Frank’s International N.V. in a research note on Thursday, March 23rd. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.50.

In related news, Director D. Keith Mosing sold 30,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $8.45, for a total transaction of $253,500.00. Following the completion of the sale, the director now owns 1,296,300 shares in the company, valued at approximately $10,953,735. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Wbm Partnership, Lp sold 14,800 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the sale, the insider now owns 9,903,867 shares of the company’s stock, valued at approximately $83,192,482.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 494,800 shares of company stock valued at $4,171,320. 77.90% of the stock is owned by corporate 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.

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

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