Forum Energy Technologies Inc (FET): Angelle, First Insider Purchase

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Evelyn M. Angelle, Director at Forum Energy Technologies Inc (NYSE:FET) disclosed today the acquisition of 18,000 shares of common stock at a unit price of $27.15 on October 30, 2014. This is Mrs. Angelle’s first purchase this year, and now indirectly owns 18,000 shares and an additional 19,446 indirectly. Although insiders have sold Forum Energy Technologies Inc (NYSE:FET)’s stock in the open market since April, nobody else but Mrs. Angelle has acquired the stock this year.

Dmitry Balyasny’s Balyasny Asset Management is the largest shareholding institution (amongst those we track) at Forum Energy Technologies Inc (NYSE:FET) with 2,084,813 shares, valued at an estimate $75 million, after reporting a 53% holding increment at the end of the second filling period of 2014.

Forum Energy Technologies Inc (NYSE:FET) is an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry.

Disclosure: The author, Jodor Jalit, holds no position in any stocks or funds mentioned.

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