Flowco Holdings Inc. Announces Special Dividend of $0.14 (NYSE:FLOC)

Flowco Holdings Inc. (NYSE:FLOC) declared a special dividend on Monday, August 10th. Shareholders of record on Friday, August 21st will be given a dividend of 0.14 per share on Monday, August 31st. The ex-dividend date is Friday, August 21st.

Flowco has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Flowco to earn $1.77 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 20.3%.

Flowco Price Performance

Shares of NYSE FLOC opened at $22.38 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 3.09 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $2.02 billion, a P/E ratio of 19.13 and a beta of 0.90. The stock’s 50-day simple moving average is $21.37 and its two-hundred day simple moving average is $22.53. Flowco has a twelve month low of $14.03 and a twelve month high of $28.26.

Flowco (NYSE:FLOC) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.28 earnings per share for the quarter. Flowco had a net margin of 5.49% and a return on equity of 48.49%. The firm had revenue of $235.86 million during the quarter. As a group, equities analysts anticipate that Flowco will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Flowco by 8,929.4% in the 4th quarter. Parallel Advisors LLC now owns 1,535 shares of the company’s stock worth $29,000 after purchasing an additional 1,518 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Flowco in the 4th quarter worth $29,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Flowco in the fourth quarter worth $29,000. Tower Research Capital LLC TRC increased its position in Flowco by 95.6% during the second 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. Finally, US Bancorp DE bought a new position in Flowco in the third quarter valued at about $61,000.

Flowco Company Profile

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.