Flowco (NYSE:FLOC) Stock: Insider Brooks Mims Talton III Sells 17,591 Shares

Flowco Holdings Inc. (NYSE:FLOC) EVP Brooks Mims Talton III sold 17,591 shares of the company’s stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $21.01, for a total value of $369,586.91. Following the transaction, the executive vice president directly owned 158,675 shares of the company’s stock, valued at approximately $3,333,761.75. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 11th, Brooks Mims Talton III sold 7,409 shares of Flowco stock. The stock was sold at an average price of $21.20, for a total value of $157,070.80.

Flowco Stock Up 0.8%

FLOC stock traded up $0.17 during trading on Friday, hitting $21.25. 458,961 shares of the company’s stock were exchanged, compared to its average volume of 626,303. The business has a 50-day moving average price of $19.64 and a two-hundred day moving average price of $21.82. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 16.10 and a beta of 0.92. 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.

Flowco Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Flowco from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Weiss Ratings raised shares of Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Zacks Research raised Flowco from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Citigroup cut their target price on Flowco from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 10th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Flowco has a consensus rating of “Moderate Buy” and an average price target of $28.75.

Institutional Investors Weigh In On Flowco

Several hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its position in Flowco by 20.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,228 shares of the company’s stock valued at $166,000 after acquiring an additional 1,557 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Flowco during the 1st quarter worth approximately $369,000. Alps Advisors Inc. purchased a new position in shares of Flowco in the 3rd quarter valued at approximately $533,000. Marshall Wace LLP grew its stake in shares of Flowco by 121.5% in the 3rd quarter. Marshall Wace LLP now owns 32,567 shares of the company’s stock valued at $589,000 after purchasing an additional 17,867 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in shares of Flowco in the third quarter valued at approximately $592,000.

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.