Dean Capital Management Lowers stake in Franks International NV (FI)

Franks International NV (FI) : Dean Capital Management reduced its stake in Franks International NV by 0.77% during the most recent quarter end. The investment management company now holds a total of 113,975 shares of Franks International NV which is valued at $1.7 Million after selling 890 shares in Franks International NV , the firm said in a disclosure report filed with the SEC on May 12, 2016.Franks International NV makes up approximately 2.46% of Dean Capital Management’s portfolio.

Other Hedge Funds, Including , Dean Investment Associates boosted its stake in FI in the latest quarter, The investment management firm added 32,062 additional shares and now holds a total of 344,180 shares of Franks International NV which is valued at $5.2 Million. Franks International NV makes up approx 1.07% of Dean Investment Associates’s portfolio.Numeric Investors reduced its stake in FI by selling 600 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 23,400 shares of FI which is valued at $366,210. Princeton Alpha Management Lp sold out all of its stake in FI during the most recent quarter. The investment firm sold 13,408 shares of FI which is valued $209,835.Russell Frank Co reduced its stake in FI by selling 33,086 shares or 91.03% in the most recent quarter. The Hedge Fund company now holds 3,262 shares of FI which is valued at $54,312. Nisa Investment Advisors L.l.c. added FI to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $166,500.

Franks International NV opened for trading at $14.98 and hit $15.19 on the upside on Friday, eventually ending the session at $15.06, with a gain of 1.01% or 0.15 points. The heightened volatility saw the trading volume jump to 3,66,771 shares. Company has a market cap of $2,340,384 M.

On the company’s financial health, Franks International NV reported $0.10 EPS for the quarter, based on the information available during the earnings call on Feb 29, 2016. Analyst had a consensus estimate of $0.10. The company had revenue of $203.00 million for the quarter, compared to analysts expectations of $223.36 million. The company’s revenue was down -36.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Franks International NV. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $15 .Franks International NV was Downgraded by Seaport Global Securities to ” Neutral” on Apr 19, 2016.

Frank’s International N.V. (FINV) is a provider of engineered tubular services to the exploration and production companies in both offshore and onshore environments. The Company operates through three business segments: International Services U. S. Services and Tubular Sales. The International Services segment provides tubular services to exploration and production companies in international offshore markets and in several onshore international regions in approximately 60 countries on six continents. The U.S. Services segment provides tubular services in the active onshore oil and gas drilling regions in the United States including the Permian Basin Bakken Shale Barnett Shale Eagle Ford Shale Haynesville Shale Marcellus Shale and Utica Shale as well as in the United States Gulf of Mexico. The Tubular Sales segment designs manufactures and distributes outside diameter (OD) pipe connectors and casing attachments.

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