77,400 Shares in Flotek Industries, Inc. (NYSE:FTK) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

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 acquired a new position in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridgeway Capital Management LLC raised its position in shares of Flotek Industries by 5.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 72,259 shares of the oil and gas company's stock valued at $689,000 after buying an additional 3,600 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Flotek Industries during the 4th quarter valued at about $42,000. Geode Capital Management LLC raised its holdings in Flotek Industries by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 302,539 shares of the oil and gas company's stock valued at $2,885,000 after acquiring an additional 5,056 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Flotek Industries in the 4th quarter worth approximately $57,000. Finally, Kathmere Capital Management LLC purchased a new stake in shares of Flotek Industries in the first quarter valued at approximately $85,000. 10.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Matthew Wilks bought 103,514 shares of the company's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $12.24 per share, with a total value of $1,267,011.36. Following the completion of the acquisition, the director owned 144,350 shares in the company, valued at approximately $1,766,844. This represents a 253.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 149,766 shares of company stock worth $1,841,758. Corporate insiders own 3.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen lowered Flotek Industries from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Alliance Global Partners initiated coverage on shares of Flotek Industries in a report on Thursday, June 12th. They issued a "buy" rating and a $19.00 price objective for the company. Northland Capmk raised shares of Flotek Industries to a "hold" rating in a research note on Tuesday, June 17th. Finally, Northland Securities upgraded shares of Flotek Industries from a "market perform" rating to an "outperform" rating and set a $16.00 price target for the company in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.33.

Flotek Industries Price Performance

Shares of NYSE FTK traded up $0.83 during midday trading on Wednesday, hitting $12.73. 483,208 shares of the company's stock were exchanged, compared to its average volume of 375,664. Flotek Industries, Inc. has a twelve month low of $3.79 and a twelve month high of $16.87. The firm's fifty day simple moving average is $13.94 and its 200-day simple moving average is $10.70. The company has a market cap of $379.99 million, a PE ratio of 28.49 and a beta of 1.32.

Flotek Industries (NYSE:FTK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.11. Flotek Industries had a net margin of 7.09% and a return on equity of 12.76%. The company had revenue of $55.36 million for the quarter, compared to the consensus estimate of $44.50 million. Equities analysts anticipate that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.

Flotek Industries Company 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).