Thursday, September 14, 2017 10:15 PM ET
Insiders at Frank’s International (FI) Make Significant Stock Sales Extends the Trend of Last Quarter
Three insiders — William Bradford Mosing, 10% Owner, Wbm Partnership Lp, 10% Owner, and Bradford’s Gp Llc, 10% Owner — sold 1,350,000 shares of Frank’s International having a market value of approximately $10,109,250, today, as revealed in form 4 documents filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 5,851,755 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 7,201,755 shares and have averaged 720,176 shares per transaction over this time period.
Frank’s International insider trading represents a higher number of buy/sell trades than for the 56 peer company average over the last 90-day period. The Oil Related Services and Equipment peer group saw 36 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Frank’s International insiders was also higher. Within the peer group there were 1,104,204 shares purchased and 5,904,412 shares sold with company insiders disposing of 133,339 shares on average.
The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* William Bradford Mosing, 10% Owner, sold 450,000 shares
* Wbm Partnership Lp, 10% Owner, sold 450,000 shares
* Bradford’s Gp Llc, 10% Owner, sold 450,000 shares
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