Insider Selling: Flowco (NYSE:FLOC) EVP Sells $142,968.00 in Stock

Flowco Holdings Inc. (NYSE:FLOC) EVP Chad Roberts sold 7,400 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $19.32, for a total transaction of $142,968.00. Following the completion of the transaction, the executive vice president owned 194,398 shares of the company’s stock, valued at $3,755,769.36. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Chad Roberts also recently made the following trade(s):

• On Thursday, January 8th, Chad Roberts sold 23,428 shares of Flowco stock. The stock was sold at an average price of $19.34, for a total transaction of $453,097.52.
• On Wednesday, January 7th, Chad Roberts sold 72 shares of Flowco stock. The shares were sold at an average price of $19.30, for a total transaction of $1,389.60.
• On Friday, December 12th, Chad Roberts sold 9,253 shares of Flowco stock. The shares were sold at an average price of $19.30, for a total transaction of $178,582.90.
• On Thursday, December 4th, Chad Roberts sold 19,457 shares of Flowco stock. The stock was sold at an average price of $18.62, for a total value of $362,289.34.
• On Wednesday, November 5th, Chad Roberts sold 55,173 shares of Flowco stock. The stock was sold at an average price of $18.26, for a total value of $1,007,458.98.

Flowco Trading Up 4.2%

Shares of NYSE:FLOC opened at $19.48 on Friday. The business’s 50-day moving average is $17.60 and its 200 day moving average is $16.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.90 and a quick ratio of 1.33. Flowco Holdings Inc. has a 1 year low of $14.03 and a 1 year high of $30.50. The firm has a market capitalization of $1.75 billion and a P/E ratio of 6.49.

Flowco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, November 14th. Flowco’s dividend payout ratio (DPR) is presently 10.67%.

Wall Street Analysts Forecast Growth

FLOC has been the subject of a number of research analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Flowco in a report on Thursday, November 6th. Piper Sandler reissued an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Flowco in a research note on Tuesday, October 14th. Finally, Zacks Research downgraded Flowco from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.20.

Institutional Investors Weigh In On Flowco

Several hedge funds have recently added to or reduced their stakes in FLOC. Tower Research Capital LLC TRC grew its position in Flowco by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock worth $47,000 after purchasing an additional 1,292 shares during the period. Strs Ohio acquired a new stake in Flowco during the first quarter worth about $92,000. CWM LLC raised its position in Flowco by 183.6% during the third quarter. CWM LLC now owns 3,667 shares of the company’s stock valued at $54,000 after acquiring an additional 2,374 shares in the last quarter. US Bancorp DE acquired a new position in Flowco in the third quarter valued at approximately $61,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Flowco by 38.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,785 shares of the company’s stock worth $85,000 after purchasing an additional 1,317 shares in the last quarter.

Flowco Company Profile

We are a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. Our products and services include a full range of equipment and technology solutions that enable our customers to efficiently and cost-effectively maximize the profitability and economic lifespan of the production phase of their operations. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.