22,847 Shares in Forum Energy Technologies, Inc. (NYSE:FET) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Forum Energy Technologies, Inc. (NYSE:FET - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,847 shares of the oil and gas company's stock, valued at approximately $354,000. Marshall Wace LLP owned about 0.19% of Forum Energy Technologies as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Tejara Capital Ltd increased its holdings in shares of Forum Energy Technologies by 5.4% in the 4th quarter. Tejara Capital Ltd now owns 230,545 shares of the oil and gas company's stock valued at $3,571,000 after purchasing an additional 11,736 shares in the last quarter. Renaissance Technologies LLC grew its position in Forum Energy Technologies by 20.4% during the fourth quarter. Renaissance Technologies LLC now owns 105,075 shares of the oil and gas company's stock worth $1,628,000 after buying an additional 17,775 shares during the period. Monaco Asset Management SAM increased its holdings in Forum Energy Technologies by 9.8% in the fourth quarter. Monaco Asset Management SAM now owns 75,118 shares of the oil and gas company's stock valued at $1,164,000 after buying an additional 6,709 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Forum Energy Technologies by 41.0% during the 4th quarter. American Century Companies Inc. now owns 71,940 shares of the oil and gas company's stock valued at $1,114,000 after acquiring an additional 20,925 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Forum Energy Technologies by 445.0% during the 4th quarter. JPMorgan Chase & Co. now owns 48,209 shares of the oil and gas company's stock worth $747,000 after acquiring an additional 39,364 shares in the last quarter. Institutional investors and hedge funds own 65.60% of the company's stock.

Forum Energy Technologies Price Performance

Shares of NYSE:FET traded up $0.17 during midday trading on Wednesday, hitting $13.79. 72,351 shares of the stock were exchanged, compared to its average volume of 62,029. Forum Energy Technologies, Inc. has a twelve month low of $12.78 and a twelve month high of $21.57. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $16.83 and a 200-day moving average price of $16.52. The stock has a market cap of $170.52 million, a P/E ratio of -1.26 and a beta of 0.73.

Forum Energy Technologies (NYSE:FET - Get Free Report) last announced its earnings results on Thursday, May 1st. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.39). The business had revenue of $193.30 million for the quarter, compared to analyst estimates of $196.45 million. Forum Energy Technologies had a negative return on equity of 2.39% and a negative net margin of 16.57%. During the same quarter in the previous year, the firm posted ($0.12) EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Forum Energy Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday.

Insider Buying and Selling at Forum Energy Technologies

In other news, CEO Neal Lux bought 9,129 shares of Forum Energy Technologies stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $161,126.85. Following the acquisition, the chief executive officer now owns 212,250 shares in the company, valued at approximately $3,746,212.50. This trade represents a 4.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.90% of the stock is owned by insiders.

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.