Insider Selling: Flowco (NYSE:FLOC) EVP Sells 40,884 Shares of Stock

Key Points

  • Chad Roberts, EVP of Flowco Holdings, sold 40,884 shares on January 23 at an average price of $21.47 for $877,779.48, reducing his ownership by 23.92% to 130,014 shares (valued at about $2.79M).
  • Roberts has repeatedly sold stock since November, disposing of roughly 155,667 shares in total across multiple transactions, indicating a sustained insider selling trend.
  • Flowco shares trade near $20.46 with a market cap of $1.83B and a P/E of 6.82; the company pays a $0.32 annual dividend (1.6% yield) and holds an average analyst rating of “Moderate Buy” with a $29.20 target.

Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) EVP Chad Roberts sold 40,884 shares of the company's stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $21.47, for a total transaction of $877,779.48. Following the transaction, the executive vice president owned 130,014 shares in the company, valued at $2,791,400.58. The trade was a 23.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, January 8th, Chad Roberts sold 23,428 shares of Flowco stock. The shares were 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 stock was sold at an average price of $19.30, for a total value of $1,389.60.
  • On Monday, January 5th, Chad Roberts sold 7,400 shares of Flowco stock. The stock was sold at an average price of $19.32, for a total value of $142,968.00.
  • On Friday, December 12th, Chad Roberts sold 9,253 shares of Flowco stock. The stock was sold at an average price of $19.30, for a total value of $178,582.90.
  • On Thursday, December 4th, Chad Roberts sold 19,457 shares of Flowco stock. The shares were 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 transaction of $1,007,458.98.

Flowco Price Performance




Shares of NYSE FLOC opened at $20.46 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.83 billion and a price-to-earnings ratio of 6.82. The company's 50-day moving average price is $18.49 and its 200 day moving average price is $17.12. Flowco Holdings Inc. has a 52 week low of $14.03 and a 52 week high of $29.57.

Flowco Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.6%. Flowco's dividend payout ratio is presently 10.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLOC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Flowco during the 1st quarter worth about $298,000. Goldman Sachs Group Inc. purchased a new position in Flowco during the first quarter worth approximately $878,000. Woodline Partners LP acquired a new position in shares of Flowco in the 1st quarter valued at $1,282,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Flowco during the 1st quarter valued at $3,070,000. Finally, Strs Ohio acquired a new stake in shares of Flowco during the 1st quarter worth $92,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Piper Sandler restated an "overweight" rating on shares of Flowco in a research report on Tuesday, December 9th. Zacks Research cut shares of Flowco from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 1st. Evercore ISI reissued an "outperform" rating and issued a $25.00 price objective on shares of Flowco in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Flowco in a research note on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.20.

Read Our Latest Research Report on Flowco

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. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.

See Also

Insider Buying and Selling by Quarter for Flowco (NYSE:FLOC)

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