Virtu Financial LLC Makes New Investment in Flotek Industries, Inc. (NYSE:FTK)

Virtu Financial LLC acquired a new position in Flotek Industries, Inc. (NYSE:FTK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,807 shares of the oil and gas company's stock, valued at approximately $456,000. Virtu Financial LLC owned approximately 0.16% of Flotek Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTK. Geode Capital Management LLC boosted its stake in 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 worth $1,483,000 after acquiring an additional 154,497 shares in the last quarter. Barclays PLC acquired a new position in shares of Flotek Industries during the third quarter valued at about $66,000. Truist Financial Corp boosted its position in shares of Flotek Industries by 3.6% during the 4th quarter. Truist Financial Corp now owns 244,209 shares of the oil and gas company's stock worth $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 in the 3rd quarter valued at about $86,000. Finally, Acuitas Investments LLC bought a new stake in Flotek Industries in the 4th quarter valued at about $2,586,000. 10.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Remove Ads

Flotek Industries Stock Performance

Shares of Flotek Industries stock traded down $0.31 during trading hours on Friday, reaching $8.39. The company's stock had a trading volume of 138,018 shares, compared to its average volume of 146,191. The company has a market capitalization of $250.17 million, a P/E ratio of 32.26 and a beta of 1.21. The stock's fifty day simple moving average is $8.59 and its two-hundred day simple moving average is $7.49. Flotek Industries, Inc. has a one year low of $3.13 and a one year high of $10.35.

Flotek Industries (NYSE:FTK - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. The business had revenue of $50.76 million for 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 quarter last year, the firm earned $0.07 EPS. As a group, research analysts forecast that Flotek Industries, Inc. will post 0.29 earnings per share for the current year.

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).