Bailard Inc. purchased a new stake 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 & Exchange Commission. The firm purchased 37,800 shares of the oil and gas company's stock, valued at approximately $360,000. Bailard Inc. owned approximately 0.13% of Flotek Industries at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Flotek Industries by 108.1% during the third quarter. Geode Capital Management LLC now owns 297,483 shares of the oil and gas company's stock valued at $1,483,000 after purchasing an additional 154,497 shares in the last quarter. Acuitas Investments LLC acquired a new stake in shares of Flotek Industries during the fourth quarter valued at about $2,586,000. Truist Financial Corp boosted its stake in shares of Flotek Industries by 3.6% during 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 purchasing an additional 8,500 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of Flotek Industries during the third quarter valued at about $86,000. Finally, Barclays PLC acquired a new stake in shares of Flotek Industries during the third quarter valued at about $66,000. 10.90% of the stock is owned by institutional investors and hedge funds.
Flotek Industries Stock Up 1.4 %
Shares of FTK stock traded up $0.11 during mid-day trading on Friday, reaching $7.49. 208,292 shares of the stock traded hands, compared to its average volume of 133,075. The stock's fifty day simple moving average is $8.71 and its two-hundred day simple moving average is $6.94. Flotek Industries, Inc. has a 1-year low of $2.64 and a 1-year high of $10.35. The company has a market cap of $223.02 million, a price-to-earnings ratio of 28.79 and a beta of 1.21.
Flotek Industries Profile
(
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).
Featured Stories
Before you consider Flotek Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flotek Industries wasn't on the list.
While Flotek Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
