Flowco (NYSE:FLOC) EVP Brooks Mims Talton III Sells 7,409 Shares of Stock

Flowco Holdings Inc. (NYSE:FLOC) EVP Brooks Mims Talton III sold 7,409 shares of the business’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $21.20, for a total value of $157,070.80. Following the transaction, the executive vice president directly owned 176,266 shares of the company’s stock, valued at $3,736,839.20. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, November 12th, Brooks Mims Talton III sold 17,591 shares of Flowco stock. The shares were sold at an average price of $21.01, for a total value of $369,586.91.

Flowco Stock Up 0.8%

Shares of 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 company’s 50-day simple moving average is $19.64 and its 200-day simple moving average is $21.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.99 and a current ratio of 3.19. The firm has a market capitalization of $1.92 billion, a P/E ratio of 16.10 and a beta of 0.92. Flowco Holdings Inc. has a 1 year low of $15.72 and a 1 year high of $28.26.

Flowco (NYSE:FLOC) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $235.86 million for the quarter. Flowco had a return on equity of 33.93% and a net margin of 6.36%. As a group, sell-side analysts expect that Flowco Holdings Inc. will post 1.36 EPS for the current year.

Flowco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 13th. Flowco’s payout ratio is 27.27%.

Institutional Investors Weigh In On Flowco

Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its stake in Flowco by 20.3% in the third quarter. State of Alaska Department of Revenue now owns 9,228 shares of the company’s stock valued at $166,000 after purchasing an additional 1,557 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Flowco during the 1st quarter worth approximately $369,000. Alps Advisors Inc. purchased a new stake in shares of Flowco during the 3rd quarter worth approximately $533,000. Fisher Asset Management LLC acquired a new position in shares of Flowco in the 3rd quarter valued at $592,000. Finally, Corient Private Wealth LP acquired a new position in shares of Flowco in the 2nd quarter valued at $898,000.

Wall Street Analysts Forecast Growth

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

Flowco Company Profile

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.