Emerald Mutual Fund Advisers Trust Makes New Investment in Flowco Holdings Inc. $FLOC

Emerald Mutual Fund Advisers Trust acquired a new position in shares of Flowco Holdings Inc. (NYSE:FLOC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 231,287 shares of the company’s stock, valued at approximately $4,765,000.

Several other large investors also recently made changes to their positions in FLOC. Peregrine Capital Management LLC increased its holdings in shares of Flowco by 16.1% during the fourth quarter. Peregrine Capital Management LLC now owns 478,648 shares of the company’s stock valued at $8,970,000 after acquiring an additional 66,482 shares in the last quarter. JPMorgan Chase & Co. increased its position in Flowco by 57.9% in the third quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company’s stock worth $48,859,000 after buying an additional 1,206,020 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Flowco in the 3rd quarter worth about $1,634,000. Royce & Associates LP boosted its stake in Flowco by 12.5% in the 4th quarter. Royce & Associates LP now owns 318,500 shares of the company’s stock worth $5,969,000 after purchasing an additional 35,500 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Flowco during the first quarter valued at approximately $1,099,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FLOC. Wall Street Zen downgraded shares of Flowco from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised Flowco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Citigroup began coverage on shares of Flowco in a research report on Thursday, May 28th. They issued a “neutral” rating and a $31.00 target price on the stock. Zacks Research cut shares of Flowco from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 price objective on shares of Flowco in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Flowco Price Performance

FLOC stock opened at $20.82 on Tuesday. The company’s fifty day moving average price is $23.64 and its 200-day moving average price is $22.36. Flowco Holdings Inc. has a one year low of $14.03 and a one year high of $28.26. The company has a market capitalization of $1.88 billion, a PE ratio of 17.79 and a beta of 0.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.48 and a current ratio of 3.09.

Flowco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were given a $0.09 dividend. This is a boost from Flowco’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, May 15th. Flowco’s dividend payout ratio is 30.77%.

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.