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

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

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

Insider Activity

In other news, Director Louis Raspino sold 4,950 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.41, for a total value 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 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 this hyperlink. 6.20% of the stock is currently owned by company insiders.

Forum Energy Technologies Stock Performance

NYSE:FET opened at $16.53 on Friday. The firm has a market capitalization of $203.05 million, a PE ratio of -3.91 and a beta of 2.40. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. Forum Energy Technologies, Inc. has a 1 year low of $12.83 and a 1 year high of $22.88. The firm’s fifty day simple moving average is $15.06 and its 200 day simple moving average is $15.90.

Forum Energy Technologies 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.