Keane Group Inc (FRAC) Holdings Raised by Emerald Advisers Inc. PA
Emerald Advisers Inc. PA boosted its position in shares of Keane Group Inc (NYSE:FRAC) by 3,594.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 553,346 shares of the company’s stock after acquiring an additional 538,367 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Keane Group were worth $10,519,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRAC. Legal & General Group Plc raised its stake in Keane Group by 64.2% during the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock worth $120,000 after acquiring an additional 2,985 shares during the period. Quantbot Technologies LP bought a new stake in Keane Group during the 3rd quarter worth approximately $121,000. Boothbay Fund Management LLC bought a new stake in Keane Group during the 3rd quarter worth approximately $173,000. Parametric Portfolio Associates LLC bought a new stake in Keane Group during the 2nd quarter worth approximately $179,000. Finally, Advisors Asset Management Inc. raised its stake in Keane Group by 566.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,972 shares of the company’s stock worth $183,000 after acquiring an additional 9,326 shares during the period. Institutional investors own 38.51% of the company’s stock.
In related news, major shareholder Keane Investor Holdings Llc sold 1,998,262 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $18.25, for a total value of $36,468,281.50. Following the sale, the insider now owns 58,917,686 shares in the company, valued at $1,075,247,769.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Keane Group Inc (NYSE:FRAC) opened at $15.28 on Thursday. Keane Group Inc has a 1 year low of $12.42 and a 1 year high of $22.24. The company has a quick ratio of 1.26, a current ratio of 1.41 and a debt-to-equity ratio of 0.60.
About Keane Group
Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.
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