Miles Capital Inc. bought a new position in Flotek Industries, Inc. (NYSE:FTK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,353 shares of the oil and gas company’s stock, valued at approximately $146,000.

A number of other institutional investors have also recently modified their holdings of FTK. BlackRock Inc. increased its stake in Flotek Industries by 132,538.6% in the 1st quarter. BlackRock Inc. now owns 6,760,587 shares of the oil and gas company’s stock worth $86,468,000 after buying an additional 6,755,490 shares in the last quarter. Vanguard Group Inc. raised its holdings in Flotek Industries by 2.8% during the second quarter. Vanguard Group Inc. now owns 5,020,985 shares of the oil and gas company’s stock valued at $44,888,000 after acquiring an additional 135,026 shares during the period. JPMorgan Chase & Co. raised its holdings in Flotek Industries by 3,092.1% during the second quarter. JPMorgan Chase & Co. now owns 4,058,817 shares of the oil and gas company’s stock valued at $36,286,000 after acquiring an additional 3,931,665 shares during the period. Bamco Inc. NY raised its holdings in Flotek Industries by 21.3% during the second quarter. Bamco Inc. NY now owns 3,060,366 shares of the oil and gas company’s stock valued at $27,360,000 after acquiring an additional 536,514 shares during the period. Finally, Northpointe Capital LLC raised its holdings in Flotek Industries by 15.7% during the second quarter. Northpointe Capital LLC now owns 1,757,075 shares of the oil and gas company’s stock valued at $15,708,000 after acquiring an additional 239,065 shares during the period. 97.42% of the stock is owned by institutional investors.

FTK has been the subject of a number of recent analyst reports. Zacks Investment Research raised Flotek Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, September 4th. Seaport Global Securities reiterated a “buy” rating on shares of Flotek Industries in a research report on Thursday, July 20th. Finally, BidaskClub downgraded Flotek Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

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Shares of Flotek Industries, Inc. (FTK) traded up 1.80% during midday trading on Tuesday, reaching $5.08. 186,465 shares of the company’s stock were exchanged. Flotek Industries, Inc. has a one year low of $4.48 and a one year high of $15.23. The company’s 50-day moving average is $5.34 and its 200-day moving average is $8.77. The stock’s market cap is $291.25 million.

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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