Forum Energy Technologies, Inc. (NYSE:FET) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 86.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,714 shares of the oil and gas company’s stock after purchasing an additional 12,810 shares during the period. Barclays PLC owned approximately 0.23% of Forum Energy Technologies worth $428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Forum Energy Technologies by 24.5% during the 2nd quarter. Rhumbline Advisers now owns 17,483 shares of the oil and gas company’s stock worth $295,000 after purchasing an additional 3,437 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 worth $939,000 after buying an additional 9,090 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Forum Energy Technologies by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 267,858 shares of the oil and gas company’s stock valued at $4,141,000 after acquiring an additional 12,449 shares during the last quarter. State Street Corp raised its stake in shares of Forum Energy Technologies by 6.9% in the 3rd 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. Finally, Renaissance Technologies LLC raised its stake in shares of Forum Energy Technologies by 21.8% in the 2nd quarter. Renaissance Technologies LLC now owns 79,900 shares of the oil and gas company’s stock valued at $1,347,000 after acquiring an additional 14,300 shares during the period. 65.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Forum Energy Technologies

In other news, Director Louis Raspino sold 4,950 shares of the company’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 sale, the director now owns 16,121 shares of the company’s stock, valued at approximately $248,424.61. This represents a 23.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is currently owned by company insiders.

Forum Energy Technologies Stock Performance

NYSE:FET opened at $19.06 on Friday. Forum Energy Technologies, Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $21.51. 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 company has a 50 day moving average price of $15.62 and a 200 day moving average price of $15.96. The stock has a market capitalization of $234.06 million, a P/E ratio of -4.51 and a beta of 2.40.

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.