Dan Wilks Acquires 363,757 Shares of ProFrac (NASDAQ:ACDC) Stock

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Dan Wilks purchased 363,757 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were acquired at an average price of $4.70 per share, for a total transaction of $1,709,657.90. Following the acquisition, the insider directly owned 88,076,602 shares in the company, valued at $413,960,029.40. This represents a 0.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ProFrac Stock Up 13.9%

ACDC stock opened at $5.26 on Friday. The firm has a market cap of $957.97 million, a PE ratio of -2.26 and a beta of 1.46. ProFrac Holding Corp. has a 1 year low of $3.08 and a 1 year high of $8.22. The company has a fifty day simple moving average of $4.92 and a 200 day simple moving average of $5.88. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 1.42.

Institutional Investors Weigh In On ProFrac

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in ProFrac by 7,241.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock worth $27,000 after buying an additional 3,476 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ProFrac in the 2nd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in ProFrac in the 3rd quarter valued at approximately $45,000. Price T Rowe Associates Inc. MD bought a new stake in shares of ProFrac in the 4th quarter worth approximately $46,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of ProFrac in the 4th quarter worth approximately $47,000. Institutional investors own 12.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACDC. Wall Street Zen downgraded ProFrac from a “hold” rating to a “sell” rating in a research note on Sunday, August 23rd. Morgan Stanley dropped their price target on ProFrac from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Thursday, August 20th. Piper Sandler increased their price objective on ProFrac from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ProFrac in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $5.25.

ProFrac News Roundup

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Dan H. Wilks purchased a combined 607,227 ACDC shares on August 21, 24, and 25 for approximately $2.87 million, at prices ranging from $4.70 to $4.81. The purchases increased his stake to more than 88 million shares and may signal confidence that ProFrac is undervalued. Insider buying report
• Positive Sentiment: THRC Holdings LP reported matching purchases of 607,227 shares over the same period, also totaling approximately $2.87 million. Buying by major holders can provide a supportive ownership signal, though it does not immediately improve ProFrac’s earnings, liquidity, or balance sheet. SEC Form 4 filing
• Neutral Sentiment: Institutional ownership is relatively limited at 12.75%, although several investment firms recently initiated or expanded small positions. These changes suggest some investor interest but are unlikely to be a major near-term catalyst.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley lowered its price target from $5.00 to $4.50 and maintained an “underweight” rating, while Wall Street Zen downgraded ACDC from “hold” to “sell.” The consensus rating is “Reduce,” with an average target of $5.25. ProFrac analyst and insider coverage
• Negative Sentiment: ProFrac continues to trade below its 50-day and 200-day moving averages. Its negative P/E ratio, current ratio below 1, quick ratio of 0.59, and debt-to-equity ratio of 1.42 point to ongoing profitability, liquidity, and leverage risks.

About ProFrac

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.