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 company’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $21.20, for a total transaction of $157,070.80. Following the completion of the transaction, the executive vice president owned 176,266 shares of the company’s stock, valued at $3,736,839.20. This represents a 4.03% decrease in their position. 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 stock was sold at an average price of $21.01, for a total value of $369,586.91.

Flowco Stock Performance

Shares of Flowco stock traded up $0.17 on Friday, hitting $21.25. The stock had a trading volume of 458,961 shares, compared to its average volume of 612,390. Flowco Holdings Inc. has a 52-week low of $15.72 and a 52-week high of $28.26. The company has a current ratio of 3.19, a quick ratio of 1.99 and a debt-to-equity ratio of 0.69. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 16.10 and a beta of 0.92. The company’s 50 day moving average price is $19.64 and its 200 day moving average price is $21.82.

Flowco (NYSE:FLOC) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm 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%. On average, research analysts anticipate that Flowco Holdings Inc. will post 1.36 EPS for the current year.

Flowco Dividend Announcement

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

Hedge Funds Weigh In On Flowco

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oceanic Investment Management LTD acquired a new position in Flowco in the 3rd quarter valued at about $8,863,000. Royce & Associates LP lifted its position in Flowco by 74.3% during the 3rd quarter. Royce & Associates LP now owns 989,909 shares of the company’s stock worth $17,917,000 after acquiring an additional 422,059 shares during the period. Bank of America Corp DE grew its stake in shares of Flowco by 327.4% in the 1st quarter. Bank of America Corp DE now owns 472,195 shares of the company’s stock valued at $9,727,000 after purchasing an additional 361,721 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Flowco in the first quarter valued at approximately $6,121,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Flowco by 237.6% in the first quarter. Renaissance Technologies LLC now owns 396,000 shares of the company’s stock valued at $8,158,000 after purchasing an additional 278,700 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Flowco from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Citigroup reduced their price target on shares of Flowco from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flowco currently has an average rating of “Moderate Buy” and a consensus price target of $28.75.

About Flowco

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.