ProFrac (NASDAQ:ACDC) Major Shareholder Dan Wilks Buys 212,650 Shares

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Dan Wilks bought 212,650 shares of ProFrac stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average cost of $4.74 per share, for a total transaction of $1,007,961.00. Following the acquisition, the insider owned 87,712,845 shares of the company’s stock, valued at $415,758,885.30. This represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

ProFrac Trading Down 1.1%

NASDAQ ACDC opened at $4.62 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. ProFrac Holding Corp. has a 52 week low of $3.08 and a 52 week high of $8.22. The stock has a market capitalization of $841.39 million, a PE ratio of -1.98 and a beta of 1.46. The firm has a 50 day moving average of $4.94 and a two-hundred day moving average of $5.89.

Institutional Trading of ProFrac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in ProFrac by 1,862.8% in the third quarter. UBS Group AG now owns 705,568 shares of the company’s stock valued at $2,611,000 after acquiring an additional 669,621 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of ProFrac by 61.7% during the fourth quarter. AQR Capital Management LLC now owns 1,638,822 shares of the company’s stock worth $6,375,000 after purchasing an additional 625,596 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of ProFrac by 27.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,484,760 shares of the company’s stock worth $5,494,000 after purchasing an additional 322,860 shares in the last quarter. HRT Financial LP increased its position in shares of ProFrac by 409.5% during the fourth quarter. HRT Financial LP now owns 382,837 shares of the company’s stock worth $1,489,000 after purchasing an additional 307,696 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of ProFrac by 328.6% in the 1st quarter. Walleye Capital LLC now owns 347,911 shares of the company’s stock valued at $2,157,000 after purchasing an additional 266,742 shares during the last quarter. Institutional investors and hedge funds own 12.75% of the company’s stock.

ProFrac News Roundup

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Holdings LP THRC reported matching purchases of 607,227 shares over the same three dates, spending approximately $2.87 million and raising its reported ownership to more than 83.8 million shares. Repeated open-market buying by holders with substantial existing stakes may support investor confidence in ProFrac’s valuation and outlook. SEC Form 4 filing for Holdings LP THRC
• Neutral Sentiment: Reported purchases were made at prices between $4.70 and $4.81 per share, close to the stock’s recent trading range. The filings indicate conviction from major shareholders, but they do not provide new information about revenue, earnings, debt, or operating conditions.
• Neutral Sentiment: A separate report listed ProFrac’s short interest at zero shares as of August 25, unchanged from August 10, with a zero-day short-interest ratio. Because the report also showed an invalid percentage change (“NaN”), the figures may reflect incomplete or unreliable data and offer limited insight into trading pressure.

Analyst Ratings Changes

ACDC has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProFrac in a research note on Wednesday, June 24th. Wall Street Zen cut ProFrac from a “hold” rating to a “sell” rating in a research note on Sunday. Morgan Stanley decreased their price target on ProFrac from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Thursday, August 20th. Finally, Piper Sandler lifted their price target on ProFrac from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, ProFrac presently has a consensus rating of “Reduce” and a consensus price target of $5.25.

ProFrac Company Profile

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.