Monday, March 05, 2018 10:15 PM ET
Significant Insider Sales in Shares of Frank’s International (FI) Extends the Selling Trend of Last Quarter
A notable level of insider sales in Frank’s International was disclosed in form 4 documents filed with the SEC today. Three insiders — Alejandro Cestero, Officer, Michael Frank Mosing, 10% Owner, and Michael Frank Mosing Family Llc, 10% Owner — sold 403,250 shares in the company having a market value of approximately $2,081,587. There have been 8 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 6,734,197 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 7,137,447 shares and have averaged 648,859 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Frank’s International is above the 59-company peer group average. Oil Related Services and Equipment peer group saw 66 buy/sell trades during this period for an average of 1.1 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 1,113,129 shares purchased and 7,895,655 shares sold with company insiders selling 102,766 shares on average.
The data sourced 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
* Alejandro Cestero, Officer, sold 2,440 shares
* Michael Frank Mosing, 10% Owner, sold 200,000 shares
* Michael Frank Mosing Family Llc, 10% Owner, sold 200,810 shares
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