Barclays PLC Has $428,000 Position in Forum Energy Technologies, Inc. (NYSE:FET)

Barclays PLC grew its holdings in Forum Energy Technologies, Inc. (NYSE:FET) by 86.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,714 shares of the oil and gas company’s stock after buying an additional 12,810 shares during the quarter. Barclays PLC’s holdings in Forum Energy Technologies were worth $428,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SCF Partners Inc. bought a new stake in Forum Energy Technologies in the third quarter valued at about $12,843,000. Dimensional Fund Advisors LP raised its holdings in shares of Forum Energy Technologies by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 438,899 shares of the oil and gas company’s stock worth $7,400,000 after buying an additional 25,982 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Forum Energy Technologies by 4.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 267,858 shares of the oil and gas company’s stock worth $4,141,000 after buying an additional 12,449 shares during the period. Crossingbridge Advisors LLC acquired a new stake in Forum Energy Technologies in the 3rd quarter valued at $3,721,000. Finally, State Street Corp grew its position in Forum Energy Technologies by 6.9% in the third quarter. State Street Corp now owns 198,479 shares of the oil and gas company’s stock valued at $3,068,000 after acquiring an additional 12,785 shares during the period. 65.60% of the stock is owned by institutional investors.

Forum Energy Technologies Stock Up 2.3 %

Shares of NYSE FET opened at $16.53 on Friday. Forum Energy Technologies, Inc. has a 52-week low of $12.83 and a 52-week high of $22.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.93. The business has a fifty day moving average of $15.06 and a two-hundred day moving average of $15.90. The stock has a market cap of $203.05 million, a PE ratio of -3.91 and a beta of 2.40.

Insider Buying and Selling

In related news, Director Louis Raspino sold 4,950 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $15.41, for a total transaction of $76,279.50. Following the completion of the sale, the director now directly owns 16,121 shares of the company’s stock, valued at $248,424.61. This trade represents a 23.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

Forum Energy Technologies Company Profile

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.