NBW Capital LLC lessened its stake in Flotek Industries, Inc. (NYSE:FTK) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 263,206 shares of the oil and gas company’s stock after selling 1,338 shares during the period. NBW Capital LLC owned approximately 0.46% of Flotek Industries worth $2,353,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in Flotek Industries by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the oil and gas company’s stock worth $198,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System grew its position in Flotek Industries by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 28,367 shares of the oil and gas company’s stock worth $254,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund grew its position in Flotek Industries by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 39,712 shares of the oil and gas company’s stock worth $355,000 after purchasing an additional 500 shares during the period. Prudential Financial Inc. grew its position in Flotek Industries by 0.6% in the 1st quarter. Prudential Financial Inc. now owns 92,399 shares of the oil and gas company’s stock worth $1,182,000 after purchasing an additional 550 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its position in Flotek Industries by 5.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,790 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 700 shares during the period. 97.42% of the stock is owned by institutional investors and hedge funds.

Flotek Industries, Inc. (NYSE FTK) traded down 4.76% during midday trading on Friday, reaching $4.80. 872,412 shares of the company’s stock were exchanged. Flotek Industries, Inc. has a 12-month low of $4.48 and a 12-month high of $14.83. The stock’s market capitalization is $275.19 million. The stock’s 50-day moving average is $5.25 and its 200-day moving average is $8.62.

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A number of research firms have commented on FTK. BidaskClub downgraded shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Seaport Global Securities reaffirmed a “buy” rating on shares of Flotek Industries in a research report on Thursday, July 20th. Finally, Zacks Investment Research downgraded shares of Flotek Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th.

About Flotek Industries

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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Institutional Ownership by Quarter for Flotek Industries (NYSE:FTK)

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