Legal & General Group Plc Has $911,000 Position in Flotek Industries, Inc. (FTK)
Legal & General Group Plc boosted its position in shares of Flotek Industries, Inc. (NYSE:FTK) by 9.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,869 shares of the oil and gas company’s stock after purchasing an additional 8,485 shares during the quarter. Legal & General Group Plc owned 0.18% of Flotek Industries worth $911,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. KCG Holdings Inc. bought a new stake in Flotek Industries in the first quarter valued at approximately $137,000. BNP Paribas Arbitrage SA raised its holdings in Flotek Industries by 12.3% in the first quarter. BNP Paribas Arbitrage SA now owns 11,044 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 1,209 shares during the period. Mason Street Advisors LLC raised its holdings in Flotek Industries by 7.6% in the first quarter. Mason Street Advisors LLC now owns 12,664 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 893 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Flotek Industries by 5.8% during the second 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 in the last quarter. Finally, Invictus RG bought a new position in shares of Flotek Industries during the first quarter worth $192,000. 97.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Flotek Industries, Inc. (NYSE:FTK) opened at 4.65 on Monday. The company’s market capitalization is $266.59 million. Flotek Industries, Inc. has a one year low of $4.48 and a one year high of $15.23. The firm has a 50 day moving average price of $5.64 and a 200 day moving average price of $9.23.
A number of brokerages have recently weighed in on FTK. Zacks Investment Research lowered shares of Flotek Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Seaport Global Securities restated a “buy” rating on shares of Flotek Industries in a research report on Thursday, July 20th. Finally, BidaskClub cut shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
Flotek Industries 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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