Flowco (NYSE:FLOC) EVP Sells 17,591 Shares of Stock

Flowco Holdings Inc. (NYSE:FLOC) EVP Brooks Mims Talton III sold 17,591 shares of the company’s stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $21.01, for a total transaction of $369,586.91. Following the transaction, the executive vice president directly owned 158,675 shares in the company, valued at approximately $3,333,761.75. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Brooks Mims Talton III also recently made the following trade(s):

• On Wednesday, November 11th, Brooks Mims Talton III sold 7,409 shares of Flowco stock. The shares were sold at an average price of $21.20, for a total transaction of $157,070.80.

Flowco Price Performance

Shares of NYSE FLOC traded up $0.17 during midday trading on Friday, hitting $21.25. The company had a trading volume of 458,961 shares, compared to its average volume of 612,390. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 16.10 and a beta of 0.92. Flowco Holdings Inc. has a twelve month low of $15.72 and a twelve month high of $28.26. The business has a 50-day simple moving average of $19.64 and a two-hundred day simple moving average of $21.82. The company has a quick ratio of 1.99, a current ratio of 3.19 and a debt-to-equity ratio of 0.69.

Flowco (NYSE:FLOC) last issued its earnings results on Tuesday, August 11th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Flowco had a return on equity of 33.93% and a net margin of 6.36%. The company had revenue of $235.86 million for the quarter. Equities research analysts anticipate that Flowco Holdings Inc. will post 1.36 earnings per share for the current year.

Flowco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Friday, November 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 13th. Flowco’s dividend payout ratio (DPR) is presently 27.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FLOC shares. Citigroup reduced their price objective on Flowco from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday. Wall Street Zen raised Flowco from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Zacks Research upgraded Flowco from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Weiss Ratings raised Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.75.

Institutional Trading of Flowco

Several large investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in Flowco by 327.4% in the 1st quarter. Bank of America Corp DE now owns 472,195 shares of the company’s stock valued at $9,727,000 after purchasing an additional 361,721 shares during the last quarter. Sei Investments Co. raised its position in shares of Flowco by 42.3% in the first quarter. Sei Investments Co. now owns 178,062 shares of the company’s stock valued at $3,668,000 after buying an additional 52,961 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Flowco during the first quarter valued at approximately $6,121,000. First Trust Advisors LP lifted its stake in shares of Flowco by 107.6% during the first quarter. First Trust Advisors LP now owns 144,706 shares of the company’s stock valued at $2,981,000 after buying an additional 74,998 shares during the period. Finally, CenterBook Partners LP acquired a new stake in Flowco during the third quarter worth approximately $1,092,000.

About Flowco

Flowco Holdings, Inc. provides production optimization and artificial-lift solutions to oil and natural gas companies. Its equipment and services help operators maintain or increase well production, including gas-lift and plunger-lift systems, wellhead compression, and related field services. The company also offers methane-abatement and emissions-management solutions, including vapor recovery equipment designed to capture gases that might otherwise be released into the atmosphere. Flowco serves customers in the United States and select international markets.