Wilks Family Entity Buys $3.6M of ProFrac Stock
ACDC sits 85% above its 52-week low of $3.08.
Summary
Dan Wilks' THRC Holdings bought $3.6M of ProFrac stock in open-market purchases, increasing the family's stake to 87.5 million shares.
Key Events · Ownership and Investor Activity · ACDC
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Major Shareholder Buys $3.6M
THRC Holdings LP, controlled by Dan Wilks, acquired 720,000 shares for $3,616,641.30 in two open-market transactions on August 10-11, 2026.
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Purchase Prices
Shares were bought at weighted average prices of $4.859 and $5.443, with individual trades ranging from $4.645 to $5.45.
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Stake Increases to 87.5M Shares
Post-transaction holdings reached 87,500,195 shares, solidifying the Wilks family's position as a major shareholder.
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Follows CEO's Purchase
This purchase comes two days after CEO Matthew Wilks bought $401,851 of ProFrac stock, indicating coordinated insider buying.
Analysis · ACDC · Energy & Transportation
THRC Holdings LP, controlled by Dan Wilks, bought 720,000 shares of ProFrac for $3.6 million on August 10-11. This is a significant open-market purchase by a major shareholder, adding to the Wilks family's already substantial stake. The purchase comes just days after CEO Matthew Wilks bought $401,851 of stock, reinforcing insider confidence despite the company's recent net losses and CEO resignation.
At the time of this filing, ACDC was trading at $5.70 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $936.1M. The 52-week trading range was $3.08 to $8.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.