Marshall Wace LLP Invests $454,000 in Flotek Industries, Inc. (NYSE:FTK)

Marshall Wace LLP purchased a new stake in Flotek Industries, Inc. (NYSE:FTK) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 47,624 shares of the oil and gas company’s stock, valued at approximately $454,000. Marshall Wace LLP owned 0.16% of Flotek Industries as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTK. Barclays PLC acquired a new stake in shares of Flotek Industries in the third quarter valued at about $66,000. Geode Capital Management LLC boosted its holdings in Flotek Industries by 108.1% in the 3rd quarter. Geode Capital Management LLC now owns 297,483 shares of the oil and gas company’s stock worth $1,483,000 after buying an additional 154,497 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Flotek Industries in the 3rd quarter worth about $60,000. Truist Financial Corp increased its stake in Flotek Industries by 3.6% during the 4th quarter. Truist Financial Corp now owns 244,209 shares of the oil and gas company’s stock worth $2,327,000 after buying an additional 8,500 shares in the last quarter. Finally, Acuitas Investments LLC acquired a new position in shares of Flotek Industries during the fourth quarter valued at approximately $2,586,000. Hedge funds and other institutional investors own 10.90% of the company’s stock.

Flotek Industries Trading Up 1.3 %

NYSE:FTK opened at $7.28 on Friday. Flotek Industries, Inc. has a twelve month low of $3.26 and a twelve month high of $10.35. The company has a market cap of $217.14 million, a P/E ratio of 28.00 and a beta of 0.87. The company’s 50-day moving average price is $7.63 and its 200-day moving average price is $7.84.

Flotek Industries (NYSE:FTK) last posted its quarterly earnings results on Monday, March 10th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The business had revenue of $50.76 million during the quarter, compared to analyst estimates of $50.08 million. During the same period in the prior year, the business earned $0.07 earnings per share. On average, analysts expect that Flotek Industries, Inc. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Separately, Singular Research raised Flotek Industries to a “moderate buy” rating in a research note on Monday, March 17th.

Flotek Industries 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).