Flotek Industries, Inc. (NYSE:FTK) Stock Holdings Boosted by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its stake in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) by 56.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the oil and gas company's stock after buying an additional 18,000 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.17% of Flotek Industries worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in Flotek Industries during the 4th quarter valued at $42,000. Balyasny Asset Management L.P. bought a new stake in shares of Flotek Industries in the 4th quarter worth about $99,000. Algert Global LLC acquired a new stake in shares of Flotek Industries in the 4th quarter valued at about $102,000. Barclays PLC bought a new position in shares of Flotek Industries during the third quarter worth about $66,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Flotek Industries in the fourth quarter worth about $148,000. Institutional investors own 10.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Singular Research raised Flotek Industries to a "moderate buy" rating in a report on Monday, March 17th.

Flotek Industries Price Performance

FTK traded down $0.15 during trading hours on Thursday, hitting $14.89. 59,269 shares of the stock were exchanged, compared to its average volume of 274,886. The stock has a market cap of $444.09 million, a price-to-earnings ratio of 57.18 and a beta of 1.00. The stock has a 50-day simple moving average of $8.90 and a 200-day simple moving average of $8.52. Flotek Industries, Inc. has a 12 month low of $3.55 and a 12 month high of $15.96.

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

Insider Buying and Selling

In related news, Director Matthew Wilks bought 103,514 shares of the stock in a transaction dated 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 now owns 144,350 shares of the company's stock, valued at $1,766,844. This trade represents a 253.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 149,766 shares of company stock worth $1,841,758 over the last quarter. 6.29% of the stock is owned by company insiders.

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).