Flotek Inds INC Del (FTK) Stake Boosted by Northpointe Capital Llc

June 20, 2017 - By Hazel Jackson

Investors sentiment increased to 1.49 in Q4 2016. Its up 0.30, from 1.19 in 2016Q3. It is positive, as 23 investors sold FTK shares while 30 reduced holdings. 22 funds opened positions while 57 raised stakes. 58.27 million shares or 2.75% more from 56.71 million shares in 2016Q3 were reported. State Street owns 0% invested in Flotek Industries Inc (NYSE:FTK) for 1.15M shares. Rhumbline Advisers holds 0% or 79,955 shares in its portfolio. Ftb Advsrs owns 680 shares. 317,216 were reported by Susquehanna Gp Ltd Liability Partnership. Trexquant Investment Lp reported 56,433 shares stake. Parametric Port Ltd Com holds 0% or 114,421 shares. Comm Retail Bank reported 16,815 shares stake. Tiaa Cref Inv Management Limited Company accumulated 228,540 shares or 0% of the stock. Comerica Bank & Trust owns 57,269 shares or 0% of their US portfolio. Missouri-based Argent Capital Mngmt Ltd Limited Liability Company has invested 0.07% in Flotek Industries Inc (NYSE:FTK). Moreover, Parkside Bancorporation And Tru has 0% invested in Flotek Industries Inc (NYSE:FTK) for 27 shares. Millennium Ltd Com has invested 0.08% in Flotek Industries Inc (NYSE:FTK). Ubs Asset Americas Incorporated holds 0% or 13,098 shares. Waddell And Reed Fincl accumulated 2.47 million shares. Jpmorgan Chase & Company invested in 0% or 187,689 shares.

Since February 22, 2017, it had 0 buys, and 2 selling transactions for $364,890 activity. Shares for $174,000 were sold by Hern Kenneth. REILAND JOHN also sold $190,890 worth of Flotek Industries Inc (NYSE:FTK) on Wednesday, February 22.

Northpointe Capital Llc increased its stake in Flotek Inds Inc Del (FTK) by 76.02% based on its latest 2016Q4 regulatory filing with the SEC. Northpointe Capital Llc bought 827,816 shares as the company’s stock declined 16.85% while stock markets rallied. The institutional investor held 1.92 million shares of the basic industries company at the end of 2016Q4, valued at $18.00M, up from 1.09M at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Flotek Inds Inc Del for a number of months, seems to be bullish on the $492.05M market cap company. It closed at $8.78 lastly. It is down 6.33% since June 20, 2016 and is downtrending. It has underperformed by 23.03% the S&P500.

Northpointe Capital Llc, which manages about $1.18 billion and $1.01 billion US Long portfolio, decreased its stake in Kimball Intl Inc (NASDAQ:KBAL) by 275,442 shares to 277,483 shares, valued at $4.87M in 2016Q4, according to the filing. It also reduced its holding in Aerojet Rocketdyne Hldgs Inc by 215,078 shares in the quarter, leaving it with 236,525 shares, and cut its stake in Pfizer Inc (NYSE:PFE).

More notable recent Flotek Industries Inc (NYSE:FTK) news were published by: Fool.com which released: “Shares of Flotek Industries Crashed 18.8% in May. Here’s Why” on June 09, 2017, also Seekingalpha.com with their article: “Flotek: Drilling Down To Zero” published on December 07, 2016, Prnewswire.com published: “Flotek Appoints Matt Marietta To Lead Investor Relations And Corporate Development” on February 27, 2017. More interesting news about Flotek Industries Inc (NYSE:FTK) were released by: Seekingalpha.com and their article: “Flotek Industries’ (FTK) CEO John Chisholm on Q1 2017 Results – Earnings Call …” published on May 08, 2017 as well as Seekingalpha.com‘s news article titled: “FourWorld Capital Urges Investors In Flotek Industries To Raise Key Questions …” with publication date: February 08, 2017.

Flotek Industries Inc (NYSE:FTK) Ratings Coverage

Among 5 analysts covering Flotek Industries (NYSE:FTK), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Flotek Industries had 10 analyst reports since July 27, 2015 according to SRatingsIntel. On Monday, December 14 the stock rating was initiated by KLR Group with “Buy”. Vetr downgraded the stock to “Buy” rating in Thursday, August 6 report. The firm earned “Buy” rating on Tuesday, September 22 by Vetr. The rating was downgraded by Vetr on Friday, August 28 to “Strong-Buy”. On Wednesday, January 20 the stock rating was upgraded by Seaport Global Securities to “Speculative Buy”. The company was upgraded on Monday, July 27 by Oppenheimer. The firm earned “Perform” rating on Wednesday, October 7 by Oppenheimer.

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