Schonfeld Strategic Advisors LLC Purchases New Stake in Flotek Industries, Inc. (NYSE:FTK)

Schonfeld Strategic Advisors LLC acquired a new position in Flotek Industries, Inc. (NYSE:FTK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,736 shares of the oil and gas company's stock, valued at approximately $531,000. Schonfeld Strategic Advisors LLC owned approximately 0.19% of Flotek Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of Flotek Industries in the 4th quarter valued at about $42,000. Wilmington Savings Fund Society FSB acquired a new position in Flotek Industries during the third quarter worth about $60,000. Barclays PLC purchased a new position in Flotek Industries in the third quarter valued at about $66,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Flotek Industries during the 4th quarter valued at approximately $148,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Flotek Industries during the 4th quarter worth approximately $182,000. Institutional investors and hedge funds own 10.90% of the company's stock.

Flotek Industries Trading Up 6.4 %

Shares of NYSE FTK opened at $11.82 on Friday. The company's 50-day moving average price is $7.81 and its 200 day moving average price is $8.00. Flotek Industries, Inc. has a 52 week low of $3.30 and a 52 week high of $12.23. The stock has a market cap of $352.56 million, a price-to-earnings ratio of 45.46 and a beta of 1.00.

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 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 business had revenue of $55.36 million during the quarter, compared to analysts' expectations of $44.50 million. As a group, research analysts expect that Flotek Industries, Inc. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Singular Research raised 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).

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