45,293 Shares in Flotek Industries, Inc. (NYSE:FTK) Bought by 683 Capital Management LLC

683 Capital Management LLC acquired a new stake in Flotek Industries, Inc. (NYSE:FTK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 45,293 shares of the oil and gas company's stock, valued at approximately $432,000. 683 Capital Management LLC owned approximately 0.15% of Flotek Industries at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Flotek Industries in the 4th quarter valued at about $42,000. Geode Capital Management LLC boosted its position in Flotek Industries by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 302,539 shares of the oil and gas company's stock worth $2,885,000 after acquiring an additional 5,056 shares during the last quarter. Truist Financial Corp grew its stake in Flotek Industries by 3.6% in the 4th quarter. Truist Financial Corp now owns 244,209 shares of the oil and gas company's stock worth $2,327,000 after acquiring an additional 8,500 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Flotek Industries in the 3rd quarter valued at $60,000. Finally, Barclays PLC purchased a new position in shares of Flotek Industries during the 3rd quarter worth $66,000. Institutional investors and hedge funds own 10.90% of the company's stock.

Flotek Industries Stock Down 1.6 %

Shares of FTK traded down $0.12 during mid-day trading on Tuesday, hitting $7.16. The company had a trading volume of 224,331 shares, compared to its average volume of 162,983. Flotek Industries, Inc. has a 1-year low of $3.26 and a 1-year high of $10.35. The business's 50-day simple moving average is $7.61 and its 200-day simple moving average is $7.87. The stock has a market cap of $213.56 million, a PE ratio of 27.54 and a beta of 1.00.

Flotek Industries (NYSE:FTK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.11. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. On average, sell-side analysts expect that Flotek Industries, Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Flotek Industries 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).