Acuitas Investments LLC Buys Shares of 271,341 Flotek Industries, Inc. (NYSE:FTK)

Acuitas Investments LLC bought a new position in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 271,341 shares of the oil and gas company's stock, valued at approximately $2,586,000. Flotek Industries makes up approximately 2.2% of Acuitas Investments LLC's investment portfolio, making the stock its 23rd largest holding. Acuitas Investments LLC owned about 0.91% of Flotek Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Flotek Industries by 108.1% during the 3rd quarter. Geode Capital Management LLC now owns 297,483 shares of the oil and gas company's stock valued at $1,483,000 after acquiring an additional 154,497 shares during the last quarter. Truist Financial Corp increased its holdings in Flotek Industries by 3.6% in the fourth quarter. Truist Financial Corp now owns 244,209 shares of the oil and gas company's stock valued at $2,327,000 after buying an additional 8,500 shares during the last quarter. PDT Partners LLC acquired a new stake in Flotek Industries during the third quarter valued at approximately $86,000. Barclays PLC bought a new position in Flotek Industries during the 3rd quarter worth approximately $66,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Flotek Industries in the 3rd quarter worth approximately $60,000. 10.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm upped their price target on Flotek Industries from $6.50 to $8.00 and gave the company a "buy" rating in a research report on Thursday, November 7th.

Flotek Industries Trading Down 2.2 %

FTK traded down $0.19 on Friday, hitting $8.24. 203,827 shares of the company's stock were exchanged, compared to its average volume of 215,657. The stock has a fifty day moving average of $8.77 and a two-hundred day moving average of $6.72. Flotek Industries, Inc. has a twelve month low of $2.64 and a twelve month high of $10.35. The firm has a market cap of $245.40 million, a PE ratio of 31.67 and a beta of 1.18.

Flotek Industries Company Profile

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).