Forum Energy Technologies, Inc. (NYSE:FET - Get Free Report) Director Louis Raspino sold 4,950 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $15.41, for a total value of $76,279.50. Following the transaction, the director now owns 16,121 shares in the company, valued at approximately $248,424.61. This represents a 23.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Forum Energy Technologies Stock Performance
Shares of Forum Energy Technologies stock opened at $14.95 on Friday. Forum Energy Technologies, Inc. has a 12 month low of $12.83 and a 12 month high of $23.82. The stock's fifty day moving average price is $15.11 and its 200-day moving average price is $16.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.93.
Institutional Investors Weigh In On Forum Energy Technologies
Institutional investors have recently added to or reduced their stakes in the stock. Crossingbridge Advisors LLC bought a new stake in Forum Energy Technologies during the third quarter valued at about $3,721,000. Allspring Global Investments Holdings LLC boosted its position in Forum Energy Technologies by 0.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 255,409 shares of the oil and gas company's stock valued at $4,306,000 after purchasing an additional 1,511 shares in the last quarter. Vanguard Group Inc. boosted its position in Forum Energy Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 538,148 shares of the oil and gas company's stock valued at $10,752,000 after purchasing an additional 3,516 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Forum Energy Technologies by 19.5% during the second quarter. Bank of New York Mellon Corp now owns 55,691 shares of the oil and gas company's stock valued at $939,000 after purchasing an additional 9,090 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Forum Energy Technologies by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 438,899 shares of the oil and gas company's stock worth $7,400,000 after acquiring an additional 25,982 shares in the last quarter. Institutional investors own 65.60% of the company's stock.
Forum Energy Technologies Company Profile
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Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.
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