Universal Beteiligungs und Servicegesellschaft mbH Takes $645,000 Position in Flotek Industries, Inc. (NYSE:FTK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested $645,000 in Flotek Industries, acquiring 77,400 shares, representing roughly 0.26% of the company's stock as of the latest SEC filing.
• Flotek Industries reported a profit of $0.17 EPS for the last quarter, exceeding analysts' expectations of $0.06, with revenues reaching $55.36 million.
• Several research firms have rated Flotek Industries with a consensus rating of "Moderate Buy" and an average price target of $14.33, with some analysts issuing price targets as high as $19.00.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Flotek Industries, Inc. (NYSE:FTK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 77,400 shares of the oil and gas company's stock, valued at approximately $645,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.26% of Flotek Industries at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FTK. Victory Capital Management Inc. acquired a new stake in Flotek Industries in the 1st quarter worth $96,000. Kathmere Capital Management LLC acquired a new stake in shares of Flotek Industries during the 1st quarter valued at about $85,000. Acuitas Investments LLC boosted its position in shares of Flotek Industries by 18.6% during the 1st quarter. Acuitas Investments LLC now owns 321,925 shares of the oil and gas company's stock valued at $2,682,000 after acquiring an additional 50,584 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Flotek Industries during the 1st quarter valued at about $651,000. Finally, Jefferies Financial Group Inc. boosted its position in shares of Flotek Industries by 56.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 50,000 shares of the oil and gas company's stock valued at $476,000 after acquiring an additional 18,000 shares in the last quarter. Institutional investors own 10.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FTK shares. Northland Securities started coverage on shares of Flotek Industries in a research report on Tuesday, June 17th. They set a "market perform" rating and a $16.00 target price on the stock. Alliance Global Partners assumed coverage on shares of Flotek Industries in a report on Thursday, June 12th. They set a "buy" rating and a $19.00 price target for the company. Wall Street Zen downgraded shares of Flotek Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Northland Capmk raised shares of Flotek Industries to a "hold" rating in a research note on Tuesday, June 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.33.

Insider Transactions at Flotek Industries

In other news, Director Matthew Wilks acquired 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, for a total transaction of $1,267,011.36. Following the completion of the acquisition, the director owned 144,350 shares in the company, valued at $1,766,844. This trade represents a 253.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 149,766 shares of company stock worth $1,841,758 in the last ninety days. 3.02% of the stock is currently owned by insiders.

Flotek Industries Trading Up 1.5%

Shares of FTK traded up $0.17 on Tuesday, reaching $11.86. 522,093 shares of the company's stock were exchanged, compared to its average volume of 374,481. The stock has a market capitalization of $354.07 million, a P/E ratio of 26.36 and a beta of 1.32. The business has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $10.69. Flotek Industries, Inc. has a 12 month low of $3.79 and a 12 month high of $16.87.

Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Flotek Industries had a net margin of 7.09% and a return on equity of 12.76%. Equities research analysts predict that Flotek Industries, Inc. will post 0.29 EPS for the current year.

About Flotek Industries

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).