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).
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