Virtu Financial LLC Takes $456,000 Position in Flotek Industries, Inc. (NYSE:FTK)

Virtu Financial LLC bought a new position in shares of Flotek Industries, Inc. (NYSE:FTK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,807 shares of the oil and gas company’s stock, valued at approximately $456,000. Virtu Financial LLC owned 0.16% of Flotek Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FTK. Acuitas Investments LLC purchased a new stake in shares of Flotek Industries during the 4th quarter worth $2,586,000. Geode Capital Management LLC lifted its position in shares of Flotek Industries by 108.1% during the third quarter. Geode Capital Management LLC now owns 297,483 shares of the oil and gas company’s stock valued at $1,483,000 after buying an additional 154,497 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Flotek Industries in the 4th quarter valued at about $513,000. Bailard Inc. purchased a new position in shares of Flotek Industries in the 4th quarter worth approximately $360,000. Finally, Alpine Woods Capital Investors LLC bought a new position in shares of Flotek Industries during the 4th quarter worth approximately $310,000. Institutional investors own 10.90% of the company’s stock.

Flotek Industries Stock Down 1.7 %

FTK opened at $8.54 on Thursday. The company has a market cap of $254.85 million, a P/E ratio of 32.86 and a beta of 1.21. The firm’s 50-day moving average price is $8.60 and its 200-day moving average price is $7.41. Flotek Industries, Inc. has a 52-week low of $3.13 and a 52-week high of $10.35.

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, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $50.76 million during the quarter, compared to analysts’ expectations of $50.08 million. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. During the same quarter last year, the company posted $0.07 earnings per share. On average, research analysts anticipate that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Singular Research raised shares of Flotek Industries to a “moderate buy” rating in a report 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).