Flowco Holdings Inc. (FLOC) to Issue Quarterly Dividend of $0.09 on May 27th

Flowco Holdings Inc. (NYSE:FLOC) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.09 per share on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 15th. This is a 12.5% increase from Flowco’s previous quarterly dividend of $0.08.

Flowco has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Flowco to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 20.6%.

Flowco Stock Up 2.9%

Shares of Flowco stock opened at $27.12 on Wednesday. Flowco has a 1 year low of $14.03 and a 1 year high of $27.34. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.09 and a quick ratio of 1.48. The company has a 50-day moving average of $22.98 and a 200 day moving average of $20.40. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 23.18 and a beta of 0.96.

Insider Activity

In related news, Director Jonathan B. Fairbanks sold 1,170,000 shares of Flowco stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $21.18, for a total transaction of $24,780,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 69.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLOC. Verition Fund Management LLC grew its holdings in Flowco by 4.4% during the 3rd quarter. Verition Fund Management LLC now owns 23,997 shares of the company’s stock valued at $356,000 after buying an additional 1,012 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Flowco by 9.7% during the 4th quarter. Deutsche Bank AG now owns 13,858 shares of the company’s stock worth $260,000 after acquiring an additional 1,223 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Flowco by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock valued at $47,000 after acquiring an additional 1,292 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Flowco by 8,929.4% in the fourth quarter. Parallel Advisors LLC now owns 1,535 shares of the company’s stock valued at $29,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Flowco in the fourth quarter valued at $29,000.

About Flowco

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.