Hara Capital LLC reduced its holdings in ProFrac Holding Corp. (NASDAQ:ACDC – Free Report) by 13.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,616 shares of the company’s stock after selling 4,994 shares during the period. Hara Capital LLC’s holdings in ProFrac were worth $245,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of ACDC. GAMMA Investing LLC lifted its stake in shares of ProFrac by 110.7% in the fourth quarter. GAMMA Investing LLC now owns 5,749 shares of the company’s stock worth $45,000 after buying an additional 3,021 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in ProFrac during the fourth quarter worth about $57,000. Catalina Capital Group LLC acquired a new stake in ProFrac during the fourth quarter worth about $79,000. Stratos Investment Management LLC acquired a new stake in ProFrac during the fourth quarter worth about $84,000. Finally, Townsquare Capital LLC acquired a new stake in ProFrac during the third quarter worth about $87,000. 12.75% of the stock is owned by hedge funds and other institutional investors.
ProFrac Stock Up 2.3 %
Shares of ACDC opened at $7.93 on Tuesday. ProFrac Holding Corp. has a fifty-two week low of $5.16 and a fifty-two week high of $9.75. The firm’s 50 day moving average price is $7.84 and its 200 day moving average price is $7.20. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 0.86.
Analyst Upgrades and Downgrades
View Our Latest Analysis on ProFrac
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.
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