John Chisholm Sells 25,000 Shares of Flotek Industries Inc (NYSE:FTK) Stock
Flotek Industries Inc (NYSE:FTK) CEO John Chisholm sold 25,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $2.18, for a total value of $54,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
John Chisholm also recently made the following trade(s):
- On Tuesday, July 2nd, John Chisholm sold 70,000 shares of Flotek Industries stock. The shares were sold at an average price of $3.28, for a total value of $229,600.00.
FTK stock traded up $0.02 during trading on Friday, reaching $2.13. 202,461 shares of the company traded hands, compared to its average volume of 411,435. Flotek Industries Inc has a 12 month low of $0.95 and a 12 month high of $4.01. The business has a 50 day simple moving average of $2.42 and a 200 day simple moving average of $3.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 7.60 and a quick ratio of 6.48.
A number of brokerages recently weighed in on FTK. ValuEngine raised Flotek Industries from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded Flotek Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th.
A number of hedge funds and other institutional investors have recently modified their holdings of FTK. Sfmg LLC acquired a new stake in Flotek Industries in the second quarter worth about $32,000. FNY Investment Advisers LLC acquired a new stake in Flotek Industries in the second quarter worth about $33,000. BNP Paribas Arbitrage SA boosted its holdings in Flotek Industries by 291.8% in the first quarter. BNP Paribas Arbitrage SA now owns 11,583 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 8,627 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Flotek Industries in the second quarter worth about $39,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Flotek Industries in the second quarter worth about $42,000. 59.39% of the stock is owned by institutional investors and hedge funds.
Flotek Industries Company Profile
Flotek Industries, Inc provides chemistry and services to the oil and gas industries in then United States and internationally. The company designs, develops, manufactures, packs, markets, distributes, and delivers reservoir-centric fluid systems, including specialty and conventional chemistries for use in oil and gas well drilling, cementing, completion, remediation, and stimulation activities, as well as use in enhanced and improved oil recovery markets under the Complex nano-Fluid, Pressure reducing Fluids, and MicroSolv brand names.
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