Jefferies Financial Group Inc. Has $476,000 Position in Flotek Industries, Inc. (NYSE:FTK)

Jefferies Financial Group Inc. boosted its holdings in Flotek Industries, Inc. (NYSE:FTK - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the oil and gas company's stock after acquiring an additional 18,000 shares during the quarter. Jefferies Financial Group Inc. owned 0.17% of Flotek Industries worth $476,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new position in Flotek Industries during the 4th quarter valued at about $4,418,000. Acuitas Investments LLC bought a new position in shares of Flotek Industries in the fourth quarter valued at approximately $2,586,000. EAM Investors LLC acquired a new position in shares of Flotek Industries during the fourth quarter valued at approximately $941,000. Arrowstreet Capital Limited Partnership bought a new stake in Flotek Industries during the fourth quarter worth approximately $826,000. Finally, Renaissance Technologies LLC raised its holdings in Flotek Industries by 306.2% during the fourth quarter. Renaissance Technologies LLC now owns 85,700 shares of the oil and gas company's stock worth $817,000 after purchasing an additional 64,600 shares in the last quarter. Institutional investors own 10.90% of the company's stock.

Insider Buying and Selling at Flotek Industries

In related news, Director Matthew Wilks purchased 13,040 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $14.15 per share, for a total transaction of $184,516.00. Following the purchase, the director now owns 157,390 shares in the company, valued at $2,227,068.50. The trade was a 9.03% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired 149,766 shares of company stock worth $1,841,758 over the last ninety days. 2.44% of the stock is currently owned by insiders.

Flotek Industries Price Performance

Flotek Industries stock traded down $0.01 during midday trading on Wednesday, reaching $14.64. The stock had a trading volume of 750,738 shares, compared to its average volume of 206,707. The firm's fifty day simple moving average is $10.05 and its two-hundred day simple moving average is $9.06. Flotek Industries, Inc. has a twelve month low of $3.79 and a twelve month high of $16.57. The firm has a market cap of $436.65 million, a price-to-earnings ratio of 56.31 and a beta of 1.00.

Flotek Industries (NYSE:FTK - Get Free Report) last issued its 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. The company had revenue of $55.36 million for the quarter, compared to the consensus estimate of $44.50 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. As a group, sell-side analysts predict that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Singular Research upgraded Flotek Industries to a "moderate buy" rating in a research report 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).