ProFrac Holding Corp. $ACDC Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its ProFrac stake by 156.5% in the first quarter, holding 390,420 shares valued at approximately $2.42 million. Several other institutional investors also expanded their positions, though institutional ownership remains modest at 12.75%.
• ProFrac insiders purchased 800,000 shares worth about $4.02 million over the past three months, including significant buys by CEO Matthew Wilks and major shareholder Dan H. Wilks—potentially signaling confidence at recent prices.
• Shares opened at $5.26, near the company’s $5.50 consensus price target, while analysts maintain a “Reduce” consensus. Concerns include negative earnings, elevated leverage, weak liquidity and uncertainty over whether growth investments will generate stronger cash flow.

Dimensional Fund Advisors LP grew its holdings in shares of ProFrac Holding Corp. (NASDAQ:ACDC - Free Report) by 156.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 390,420 shares of the company's stock after buying an additional 238,210 shares during the period. Dimensional Fund Advisors LP owned 0.22% of ProFrac worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. UBS Group AG raised its position in shares of ProFrac by 1,862.8% during the 3rd quarter. UBS Group AG now owns 705,568 shares of the company's stock worth $2,611,000 after acquiring an additional 669,621 shares in the last quarter. AQR Capital Management LLC boosted its holdings in ProFrac by 61.7% in the fourth quarter. AQR Capital Management LLC now owns 1,638,822 shares of the company's stock valued at $6,375,000 after purchasing an additional 625,596 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in ProFrac by 27.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,484,760 shares of the company's stock valued at $5,494,000 after purchasing an additional 322,860 shares in the last quarter. HRT Financial LP increased its stake in ProFrac by 409.5% in the fourth quarter. HRT Financial LP now owns 382,837 shares of the company's stock valued at $1,489,000 after purchasing an additional 307,696 shares during the last quarter. Finally, Millennium Management LLC increased its stake in ProFrac by 293.4% in the third quarter. Millennium Management LLC now owns 317,446 shares of the company's stock valued at $1,175,000 after purchasing an additional 236,756 shares during the last quarter. 12.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ProFrac

In other ProFrac news, CEO Matthew Wilks bought 57,519 shares of ProFrac stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $4.86 per share, with a total value of $279,542.34. Following the completion of the acquisition, the chief executive officer owned 479,616 shares of the company's stock, valued at approximately $2,330,933.76. This represents a 13.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dan H. Wilks purchased 517,669 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of $4.86 per share, for a total transaction of $2,515,871.34. Following the acquisition, the insider owned 87,297,864 shares of the company's stock, valued at approximately $424,267,619.04. The trade was a 0.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 800,000 shares of company stock worth $4,018,391 over the last three months. 2.23% of the stock is currently owned by insiders.

ProFrac Stock Performance

Shares of ProFrac stock opened at $5.26 on Friday. The firm's fifty day simple moving average is $5.32 and its 200-day simple moving average is $5.90. ProFrac Holding Corp. has a 12 month low of $3.08 and a 12 month high of $8.22. The stock has a market capitalization of $951.64 million, a price-to-earnings ratio of -2.26 and a beta of 1.46. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.59.

ProFrac News Roundup

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: CEO Matthew Wilks purchased 80,000 shares across August 10 and 11 for approximately $401,839, increasing his position by roughly 22%. Major shareholder Dan H. Wilks also bought 720,000 shares for approximately $3.62 million. The transactions may support sentiment by signaling that insiders view recent prices as attractive. Matthew Wilks Buys 22,481 Shares of ProFrac Stock
• Neutral Sentiment: During its Q2 earnings call, ProFrac discussed ongoing growth opportunities and the need to maintain operating and capital-allocation discipline. The outlook appears constructive for demand, but investors are likely focused on whether expansion can translate into stronger cash generation. ProFrac Q2 Earnings Call: Growth, Cash Strain, Discipline
• Negative Sentiment: Analysts’ questions on the Q2 call highlighted investor concerns about ProFrac’s cash strain, financial flexibility and the pace at which growth investments can produce returns. Those issues may limit valuation upside, particularly given the company’s elevated leverage and weak liquidity ratios. Five revealing analyst questions from ProFrac’s Q2 earnings call

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACDC. Morgan Stanley set a $5.00 price objective on shares of ProFrac in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of ProFrac in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of ProFrac from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Finally, Piper Sandler boosted their price target on shares of ProFrac from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, ProFrac presently has a consensus rating of "Reduce" and an average target price of $5.50.

ProFrac Company Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.

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