Dimensional Fund Advisors LP Sells 58,420 Shares of Flotek Industries, Inc. (FTK)
Dimensional Fund Advisors LP reduced its stake in shares of Flotek Industries, Inc. (NYSE:FTK) by 5.0% during the first quarter, Holdings Channel reports. The fund owned 1,114,544 shares of the oil and gas company’s stock after selling 58,420 shares during the period. Dimensional Fund Advisors LP’s holdings in Flotek Industries were worth $14,255,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Frontier Capital Management Co. LLC bought a new stake in shares of Flotek Industries during the first quarter valued at $12,154,000. Stifel Financial Corp bought a new stake in shares of Flotek Industries during the first quarter valued at $7,070,000. Vanguard Group Inc. increased its stake in shares of Flotek Industries by 7.2% in the first quarter. Vanguard Group Inc. now owns 4,885,959 shares of the oil and gas company’s stock valued at $62,491,000 after buying an additional 330,179 shares during the last quarter. Pioneer Investment Management Inc. increased its stake in shares of Flotek Industries by 48.1% in the first quarter. Pioneer Investment Management Inc. now owns 586,547 shares of the oil and gas company’s stock valued at $7,502,000 after buying an additional 190,610 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Flotek Industries during the fourth quarter valued at $626,000. Hedge funds and other institutional investors own 98.21% of the company’s stock.
Flotek Industries, Inc. (FTK) traded up 0.424% during trading on Wednesday, hitting $5.925. The stock had a trading volume of 45,268 shares. The stock’s market cap is $339.69 million. The stock has a 50 day moving average price of $8.00 and a 200-day moving average price of $10.41. Flotek Industries, Inc. has a 12 month low of $4.91 and a 12 month high of $16.93.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/16/dimensional-fund-advisors-lp-sells-58420-shares-of-flotek-industries-inc-ftk.html.
FTK has been the subject of several recent research reports. Zacks Investment Research downgraded Flotek Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine downgraded Flotek Industries from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Seaport Global Securities reiterated a “buy” rating on shares of Flotek Industries in a research report on Thursday, July 20th. Finally, BidaskClub downgraded Flotek Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
Flotek Industries Company Profile
Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).
Want to see what other hedge funds are holding FTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flotek Industries, Inc. (NYSE:FTK).
Receive News & Stock Ratings for Flotek Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flotek Industries Inc. and related stocks with our FREE daily email newsletter.