Jefferies Financial Group Inc. Acquires 18,000 Shares of Flotek Industries, Inc. (NYSE:FTK)

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

Other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in Flotek Industries in the fourth quarter valued at approximately $42,000. Balyasny Asset Management L.P. acquired a new stake in shares of Flotek Industries during the 4th quarter valued at approximately $99,000. Algert Global LLC bought a new stake in shares of Flotek Industries during the 4th quarter valued at about $102,000. Barclays PLC bought a new stake in shares of Flotek Industries in the 3rd quarter worth approximately $66,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Flotek Industries in the fourth quarter valued at $148,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Flotek Industries Trading Up 0.1%

Shares of NYSE FTK traded up $0.02 during midday trading on Tuesday, reaching $15.38. The company's stock had a trading volume of 224,763 shares, compared to its average volume of 190,232. Flotek Industries, Inc. has a one year low of $3.55 and a one year high of $15.96. The company has a market cap of $458.74 million, a price-to-earnings ratio of 59.16 and a beta of 1.00. The company has a 50 day moving average price of $8.66 and a 200 day moving average price of $8.43.

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

Insider Buying and Selling at Flotek Industries

In related news, Director Matthew Wilks purchased 13,040 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $14.15 per share, with a total value of $184,516.00. Following the completion of the purchase, the director now owns 157,390 shares of the company's stock, valued at $2,227,068.50. The trade was a 9.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 149,766 shares of company stock valued at $1,841,758 in the last 90 days. 2.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Singular Research upgraded shares of Flotek Industries to a "moderate buy" rating in a research note on Monday, March 17th.

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).