Flotek Industries Inc (NYSE:FTK) Director Kenneth Hern sold 15,000 shares of the company’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 completion of the sale, the director now owns 76,487 shares of the company’s stock, valued at $887,249.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Flotek Industries Inc (NYSE:FTK) opened at 11.53 on Tuesday. The firm has a 50 day moving average price of $12.11 and a 200 day moving average price of $12.30. The stock’s market capitalization is $657.30 million. Flotek Industries Inc has a one year low of $6.55 and a one year high of $16.93.

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Institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its position in shares of Flotek Industries by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,950 shares of the company’s stock worth $174,000 after buying an additional 190 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Flotek Industries during the third quarter worth about $326,000. Tudor Investment Corp Et Al raised its position in shares of Flotek Industries by 31.9% in the fourth quarter. Tudor Investment Corp Et Al now owns 24,800 shares of the company’s stock worth $233,000 after buying an additional 6,000 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Flotek Industries by 28.8% in the third quarter. TD Asset Management Inc. now owns 26,400 shares of the company’s stock worth $384,000 after buying an additional 5,900 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Flotek Industries by 13.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,560 shares of the company’s stock worth $278,000 after buying an additional 3,520 shares during the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Separately, Zacks Investment Research upgraded Flotek Industries from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, February 21st.

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).

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