Inspire Investing LLC Purchases 23,227 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Inspire Investing LLC increased its position in TETRA Technologies, Inc. (NYSE:TTI) by 29.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,082 shares of the oil and gas company’s stock after buying an additional 23,227 shares during the quarter. Inspire Investing LLC owned 0.08% of TETRA Technologies worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of TETRA Technologies during the second quarter worth approximately $53,000. Principal Financial Group Inc. grew its holdings in shares of TETRA Technologies by 15.4% during the 1st quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 2,251 shares during the last quarter. Norden Group LLC purchased a new position in TETRA Technologies in the 1st quarter worth $83,000. Susquehanna Fundamental Investments LLC bought a new stake in TETRA Technologies in the first quarter worth $84,000. Finally, Simplicity Wealth LLC purchased a new stake in TETRA Technologies during the first quarter valued at about $85,000. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Trading Down 1.9 %

NYSE:TTI opened at $3.03 on Friday. The firm has a market capitalization of $397.35 million, a P/E ratio of 18.94 and a beta of 2.05. TETRA Technologies, Inc. has a 52 week low of $2.68 and a 52 week high of $6.77. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. The company has a fifty day moving average of $3.24 and a 200 day moving average of $3.71.

TETRA Technologies (NYSE:TTI) last posted its earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. The firm had revenue of $171.94 million for the quarter, compared to analysts’ expectations of $180.66 million. On average, research analysts predict that TETRA Technologies, Inc. will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 9th.

TETRA Technologies Company Profile

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.