According to the most recent Form 13F filing that the company made with the Securities and Exchange Commission, Prelude Capital Management LLC reduced its holdings in TETRA Technologies, INC (NYSE: TTI) by 54.8% in the third quarter. Following the sale of 141,879 shares of the stock held by the oil and gas company throughout the period, the fund was left in possession of 116,796 shares of the company’s stock.
Prelude Capital Management LLC owned TETRA Technologies stock worth $419,000 at the end of the most recent reporting period.
This represents approximately 0.09% of the company.
The company’s director, Thomas R.
Bates, Jr., purchased 15,000 shares of the company’s stock on March 8th, which is related news.
The stock was acquired for $51,300.00, which works out to a price of $3.42 per share on an average basis.
Because of the purchase, the director now owns 454,260 shares of the company’s stock, with a combined value of $1,553,569.20.
This brings the director’s total number of shares to 454,260.
If you follow this link, which will take you to a document presented to the SEC, you can access additional details regarding the acquisition.
In related news, on March 8th, 15,000 shares of TETRA Technologies stock were acquired by Director Thomas R.
Bates, Jr.
The overall price paid for the transaction was determined to be $3.42 per share, resulting in the total amount spent on the acquisition equaling $51,300.00.
Because of the purchase, the director now owns 454,260 shares of the company’s stock, with a combined value of $1,553,569.20.
This brings the director’s total number of shares to 454,260.
If you follow this link, you will be brought to the SEC filing in which the acquisition was discussed, so make sure you do so.
In other news, on March 8th, the company’s Chief Executive Officer, Brady M.
Murphy, purchased 30,000 shares of the company’s stock.
The stock was acquired for a total of $102,300.00, which works out to a price of $3.41 per share on an average basis. Following the successful conclusion of the transaction, the CEO now directly owns 1,722,450 shares of the company.
Based on the current stock price, these shares have an approximate value of $5,873,554.50. You should be able to locate the disclosure concerning this transaction in the following location: Company insiders purchased 59,750 shares during the preceding quarter, which resulted in an investment of $204,040.
The total number of shares held by company insiders is 4.43% of the total number of shares outstanding.
Recent events have resulted in institutional investors and other hedge funds reevaluating the positions they had previously held in the company and making appropriate adjustments. Raymond James & Associates increased the amount of money it had invested in TETRA Technologies by 4.6% over the first three months of 2018.
After making those purchases, Raymond James & Associates now directly owns 66,683 oil and gas company shares.
This brings the total number of shares directly owned by Raymond James & Associates to 66,683.
This gives the company a value of $274,000 (as of the closing price of the previous trading day) based on today’s closing price (as of the closing price of the previous trading day).
During the third quarter, Comerica Bank increased the amount of TETRA Technologies stock owned by 12.6%, bringing its total ownership percentage to 100%.
After making an additional purchase of 5,300 shares of the oil and gas company’s stock during the most recent period, Comerica Bank now has a total of 47,300 shares of the company’s stock, now valued at $220,000 due to the additional purchase. SG Americas Securities LLC acquired an additional 33.9% of TETRA Technologies INC stock during the third quarter, bringing the total percentage of the company’s holdings to 100%. SG Americas Securities LLC now has 26,177 shares of the oil and gas company’s stock, worth $94,000, after purchasing an additional 6,631 shares during the most recent quarter. SG Americas Securities LLC’s stock holdings are valued at $94,000. One of the company’s accomplishments was a 42.9% increase in the proportion of TETRA Technologies stock that Avantax Advisory Services INC owned as of the third quarter.
After making an additional purchase of 7,500 shares during the period in question, Avantax Advisory Services INC now has 25,000 shares of the oil and gas company’s stock, resulting in those shares having an aggregate value of $90,000.
During the third quarter, Price T. Rowe Associates INC (MD) increased the amount of TETRA Technologies stock owned by 9.1%, making this the last and most important point.
Price T. Rowe Associates INC, MD, has a total of 90,082 shares in the oil and gas business, and these shares are currently worth a combined total of $324,000. Compared to the company’s holdings in this industry three months ago, this represents an increase of 7,542 shares.
At present, institutional investors and hedge funds collectively control 59.55% of the total outstanding shares for the company.
The research note published on March 1st by EF Hutton Acquisition Co LLC reaffirmed the “buy” rating they had previously assigned to shares of TETRA Technologies and established a price objective for the company of $8.50.
TTI was first available for trading on Tuesday for $3.00.
There is a debt-to-equity ratio that is equal to 1.4, a quick ratio that is equal to 1.34, a current ratio that is equal to 1.92, and a quick ratio that is equal to 1.34.
The company’s current market value is $385.98 million, and its price-to-earnings ratio is 50.01.
The company’s beta value is 2.58.
The stock has traded at an average price of $3.74 over the past 50 trading days, and the price has traded at an average price of $3.83 over the last 200 trading days.
TETRA Technologies, INC hit a low point over the past 52 weeks of $2.98, while the company hit a high point over the past 52 weeks of $5.82.
TETRA Technologies, INC provides oil and gas services in several geographical areas.
The company focuses primarily on fluid completion and providing other products and services related to the industry. Completion Fluids and Products and Water and Flowback Services are the names given to the company’s two distinct operational divisions, respectively. Completion Fluids and Products is a company that specializes in the production and sale of clear brine fluids, additives, and various other products and services that are targeted toward the oil and gas industry.
These clear brine fluids, additives, and other products and services are all geared toward the oil and gas industry.
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