Stephens Inc. AR Sells 280,000 Shares of Falcon Minerals Co. (NASDAQ:FLMN)

Stephens Inc. AR decreased its holdings in Falcon Minerals Co. (NASDAQ:FLMNGet Rating) by 55.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 226,500 shares of the company’s stock after selling 280,000 shares during the period. Stephens Inc. AR’s holdings in Falcon Minerals were worth $1,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLMN. Royal Bank of Canada increased its stake in shares of Falcon Minerals by 11.9% in the 2nd quarter. Royal Bank of Canada now owns 24,128 shares of the company’s stock valued at $122,000 after purchasing an additional 2,564 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Falcon Minerals by 6.2% during the 2nd quarter. Invesco Ltd. now owns 65,708 shares of the company’s stock valued at $334,000 after acquiring an additional 3,859 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Falcon Minerals during the 3rd quarter valued at $75,000. Advisor Group Holdings Inc. boosted its holdings in shares of Falcon Minerals by 52.3% during the 3rd quarter. Advisor Group Holdings Inc. now owns 18,922 shares of the company’s stock valued at $89,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Falcon Minerals by 31.9% during the 3rd quarter. Barclays PLC now owns 42,674 shares of the company’s stock valued at $201,000 after acquiring an additional 10,310 shares in the last quarter. Institutional investors own 74.47% of the company’s stock.

FLMN has been the topic of several recent research reports. Zacks Investment Research downgraded Falcon Minerals from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company raised their price objective on Falcon Minerals from $5.00 to $7.00 and gave the company an “equal weight” rating in a report on Friday, March 25th. Finally, Piper Sandler raised their price objective on Falcon Minerals from $5.40 to $8.00 and gave the company an “overweight” rating in a report on Thursday, April 7th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Falcon Minerals has an average rating of “Buy” and an average price target of $8.44.

FLMN traded up $0.19 during midday trading on Friday, hitting $7.48. 575,686 shares of the company were exchanged, compared to its average volume of 855,339. The firm has a market capitalization of $646.64 million, a P/E ratio of 29.92 and a beta of 1.53. Falcon Minerals Co. has a 1-year low of $4.24 and a 1-year high of $7.84. The firm’s 50 day moving average price is $7.04 and its 200-day moving average price is $5.86. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.18.

Falcon Minerals (NASDAQ:FLMNGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $22.31 million for the quarter, compared to the consensus estimate of $20.50 million. Falcon Minerals had a return on equity of 8.68% and a net margin of 17.26%. On average, sell-side analysts predict that Falcon Minerals Co. will post 0.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Wednesday, May 18th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.63%. This is an increase from Falcon Minerals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, May 17th. Falcon Minerals’s payout ratio is currently 288.00%.

Falcon Minerals Company Profile (Get Rating)

Falcon Minerals Corporation acquires and owns mineral, royalty, and over-riding royalty interests in oil and natural gas properties in North America. It owns interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas, as well as approximately 95,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia.

Further Reading

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Institutional Ownership by Quarter for Falcon Minerals (NASDAQ:FLMN)

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