Alpine Woods Capital Investors LLC bought a new position in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,519 shares of the oil and gas company's stock, valued at approximately $310,000. Alpine Woods Capital Investors LLC owned approximately 0.11% of Flotek Industries as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in Flotek Industries during the third quarter worth $53,000. Wilmington Savings Fund Society FSB purchased a new stake in Flotek Industries during the third quarter worth $60,000. Barclays PLC purchased a new stake in Flotek Industries during the third quarter worth $66,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Flotek Industries in the fourth quarter valued at $148,000. Finally, PDT Partners LLC acquired a new stake in shares of Flotek Industries during the third quarter valued at $86,000. 10.90% of the stock is currently owned by hedge funds and other institutional investors.
Flotek Industries Stock Down 6.9 %
Shares of FTK traded down $0.71 during trading hours on Tuesday, reaching $9.51. 338,291 shares of the company traded hands, compared to its average volume of 140,505. The stock has a market capitalization of $283.52 million, a PE ratio of 36.56 and a beta of 1.21. Flotek Industries, Inc. has a fifty-two week low of $3.13 and a fifty-two week high of $10.35. The stock has a fifty day simple moving average of $8.58 and a 200 day simple moving average of $7.19.
Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The oil and gas company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. The business had revenue of $50.76 million for the quarter, compared to analyst estimates of $50.08 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. During the same quarter last year, the company earned $0.07 earnings per share. Research analysts predict that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.
About Flotek Industries
(
Free Report)
Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).
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