Allianz Asset Management AG lowered its stake in shares of Flotek Industries Inc (NYSE:FTK) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 108,454 shares of the company’s stock after selling 14,135 shares during the period. Allianz Asset Management AG’s holdings in Flotek Industries were worth $1,018,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Investment Management LLC raised its position in Flotek Industries by 0.8% in the third quarter. BlackRock Investment Management LLC now owns 229,396 shares of the company’s stock valued at $3,335,000 after buying an additional 1,729 shares during the last quarter. Eagle Asset Management Inc. raised its position in Flotek Industries by 41.5% in the third quarter. Eagle Asset Management Inc. now owns 861,089 shares of the company’s stock valued at $12,520,000 after buying an additional 252,382 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Flotek Industries by 10.1% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,728,167 shares of the company’s stock valued at $25,618,000 after buying an additional 250,734 shares during the last quarter. UBS Oconnor LLC acquired a new position in Flotek Industries during the third quarter valued at $1,672,000. Finally, BlackRock Fund Advisors raised its position in Flotek Industries by 5.6% in the third quarter. BlackRock Fund Advisors now owns 3,783,947 shares of the company’s stock valued at $55,019,000 after buying an additional 200,414 shares during the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.
Flotek Industries Inc (NYSE:FTK) opened at 11.53 on Tuesday. Flotek Industries Inc has a 12 month low of $6.55 and a 12 month high of $16.93. The firm’s market capitalization is $657.30 million. The firm has a 50-day moving average price of $12.11 and a 200 day moving average price of $12.30.
Your IP Address:
Separately, Zacks Investment Research lowered Flotek Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 2nd.
In other news, Director Kenneth Hern sold 15,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $11.60, for a total value of $174,000.00. Following the transaction, the director now directly owns 76,487 shares in the company, valued at approximately $887,249.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.64% of the stock is owned by company insiders.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.