Dan Wilks Acquires 212,650 Shares of ProFrac (NASDAQ:ACDC) Stock

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Dan Wilks purchased 212,650 shares of the stock in a transaction on Friday, August 21st. The shares were purchased at an average cost of $4.74 per share, with a total value of $1,007,961.00. Following the transaction, the insider owned 87,712,845 shares of the company’s stock, valued at $415,758,885.30. This trade represents a 0.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

ProFrac Stock Performance

Shares of NASDAQ:ACDC opened at $5.26 on Friday. The business has a 50-day moving average of $4.92 and a two-hundred day moving average of $5.88. The firm has a market capitalization of $957.97 million, a PE ratio of -2.26 and a beta of 1.46. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.59. ProFrac Holding Corp. has a 12 month low of $3.08 and a 12 month high of $8.22.

Institutional Trading of ProFrac

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of ProFrac by 7,241.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock worth $27,000 after purchasing an additional 3,476 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ProFrac during the 2nd quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in ProFrac during the 3rd quarter valued at $45,000. Price T Rowe Associates Inc. MD purchased a new stake in ProFrac during the 4th quarter worth $46,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in ProFrac during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 12.75% of the company’s stock.

Key ProFrac News

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Dan H. Wilks purchased a combined 607,227 ACDC shares on August 21, 24, and 25 for approximately $2.87 million, at prices ranging from $4.70 to $4.81. The purchases increased his stake to more than 88 million shares and may signal confidence that ProFrac is undervalued. Insider buying report
• Positive Sentiment: THRC Holdings LP reported matching purchases of 607,227 shares over the same period, also totaling approximately $2.87 million. Buying by major holders can provide a supportive ownership signal, though it does not immediately improve ProFrac’s earnings, liquidity, or balance sheet. SEC Form 4 filing
• Neutral Sentiment: Institutional ownership is relatively limited at 12.75%, although several investment firms recently initiated or expanded small positions. These changes suggest some investor interest but are unlikely to be a major near-term catalyst.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley lowered its price target from $5.00 to $4.50 and maintained an “underweight” rating, while Wall Street Zen downgraded ACDC from “hold” to “sell.” The consensus rating is “Reduce,” with an average target of $5.25. ProFrac analyst and insider coverage
• Negative Sentiment: ProFrac continues to trade below its 50-day and 200-day moving averages. Its negative P/E ratio, current ratio below 1, quick ratio of 0.59, and debt-to-equity ratio of 1.42 point to ongoing profitability, liquidity, and leverage risks.

Analyst Upgrades and Downgrades

Several research firms recently commented on ACDC. Morgan Stanley cut their price target on shares of ProFrac from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Thursday, August 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProFrac in a research note on Wednesday, June 24th. Wall Street Zen lowered shares of ProFrac from a “hold” rating to a “sell” rating in a research report on Sunday, August 23rd. Finally, Piper Sandler raised their target price on shares of ProFrac from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average 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.