Kennedy Capital Management LLC Sells 82,574 Shares of Flotek Industries, Inc. (NYSE:FTK)

Kennedy Capital Management LLC trimmed its holdings in Flotek Industries, Inc. (NYSE:FTK - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 337,639 shares of the oil and gas company's stock after selling 82,574 shares during the period. Kennedy Capital Management LLC owned about 1.13% of Flotek Industries worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FTK. XTX Topco Ltd bought a new position in shares of Flotek Industries during the 3rd quarter valued at about $53,000. Wilmington Savings Fund Society FSB acquired a new stake in Flotek Industries during the 3rd quarter worth approximately $60,000. Barclays PLC bought a new position in Flotek Industries in the third quarter valued at approximately $66,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Flotek Industries in the fourth quarter valued at approximately $148,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Flotek Industries during the fourth quarter worth $182,000. 10.90% of the stock is currently owned by institutional investors.

Flotek Industries Stock Performance

Flotek Industries stock traded up $0.07 during midday trading on Tuesday, reaching $6.67. The stock had a trading volume of 111,528 shares, compared to its average volume of 153,193. The stock has a market capitalization of $198.92 million, a P/E ratio of 25.65 and a beta of 0.87. The firm's fifty day simple moving average is $8.09 and its 200-day simple moving average is $7.65. Flotek Industries, Inc. has a 1-year low of $3.13 and a 1-year high of $10.35.

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Flotek Industries (NYSE:FTK - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $50.76 million during the quarter, compared to analysts' expectations of $50.08 million. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. During the same period last year, the business earned $0.07 EPS. On average, sell-side analysts anticipate that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Singular Research raised shares of Flotek Industries to a "moderate buy" rating in a research report on Monday, March 17th.

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).