53,133 Shares in Flotek Industries, Inc. (NYSE:FTK) Purchased by Jane Street Group LLC

Jane Street Group LLC acquired a new stake in Flotek Industries, Inc. (NYSE:FTK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,133 shares of the oil and gas company's stock, valued at approximately $506,000. Jane Street Group LLC owned approximately 0.18% of Flotek Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTK. Tower Research Capital LLC TRC purchased a new position in shares of Flotek Industries in the 4th quarter worth $42,000. Charles Schwab Investment Management Inc. bought a new stake in Flotek Industries in the fourth quarter worth about $148,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Flotek Industries during the fourth quarter valued at approximately $182,000. JPMorgan Chase & Co. grew its position in shares of Flotek Industries by 4,017.3% during the 4th quarter. JPMorgan Chase & Co. now owns 31,497 shares of the oil and gas company's stock worth $300,000 after buying an additional 30,732 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of Flotek Industries during the fourth quarter valued at $310,000. Institutional investors own 10.90% of the company's stock.

Flotek Industries Stock Performance

NYSE:FTK traded down $0.36 during trading hours on Friday, reaching $14.63. The company's stock had a trading volume of 343,359 shares, compared to its average volume of 200,951. The company has a market capitalization of $436.35 million, a P/E ratio of 56.27 and a beta of 1.00. Flotek Industries, Inc. has a 12 month low of $3.79 and a 12 month high of $15.96. The stock has a 50 day moving average price of $9.68 and a two-hundred day moving average price of $8.92.

Flotek Industries (NYSE:FTK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.11. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The business had revenue of $55.36 million for the quarter, compared to analyst estimates of $44.50 million. As a group, analysts predict that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.

Insider Transactions at Flotek Industries

In other news, Director Matthew Wilks bought 103,514 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $12.24 per share, with a total value of $1,267,011.36. Following the completion of the acquisition, the director now directly owns 144,350 shares of the company's stock, valued at $1,766,844. This trade represents a 253.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 149,766 shares of company stock worth $1,841,758 over the last three months. 2.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Singular Research raised shares of 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).