Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) EVP Chad Roberts sold 19,457 shares of the business's stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $18.62, for a total transaction of $362,289.34. Following the transaction, the executive vice president owned 181,543 shares in the company, valued at approximately $3,380,330.66. The trade was a 9.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Chad Roberts also recently made the following trade(s):
- On Wednesday, November 5th, Chad Roberts sold 55,173 shares of Flowco stock. The shares were sold at an average price of $18.26, for a total transaction of $1,007,458.98.
Flowco Trading Up 0.1%
Shares of FLOC opened at $17.85 on Wednesday. The stock's 50-day moving average price is $16.20 and its 200 day moving average price is $16.78. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.60 billion and a price-to-earnings ratio of 5.95. Flowco Holdings Inc. has a 12-month low of $14.03 and a 12-month high of $30.50.
Flowco Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, November 14th. Flowco's dividend payout ratio is presently 10.67%.
Hedge Funds Weigh In On Flowco
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Flowco by 95.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company's stock valued at $47,000 after buying an additional 1,292 shares in the last quarter. CWM LLC raised its stake in shares of Flowco by 183.6% in 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 during the last quarter. US Bancorp DE acquired a new position in shares of Flowco in the 3rd quarter worth approximately $61,000. Police & Firemen s Retirement System of New Jersey grew its position in Flowco by 38.0% during 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 acquiring an additional 1,317 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Flowco during the 1st quarter valued at $92,000.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Flowco from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 19th. Evercore ISI reiterated an "outperform" rating and set a $25.00 target price on shares of Flowco in a research report on Thursday, November 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Flowco in a research report on Tuesday, October 14th. Finally, Piper Sandler restated an "overweight" rating on shares of Flowco in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.20.
View Our Latest Stock Analysis on FLOC
About Flowco
(
Get Free Report)
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.
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