Flowco (NYSE:FLOC) Stock: Insider Brooks Mims Talton III Sells 7,409 Shares

Flowco Holdings Inc. (NYSE:FLOC) EVP Brooks Mims Talton III sold 7,409 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 176,266 shares in the company, valued at approximately $3,736,839.20. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 shares were sold at an average price of $21.01, for a total transaction of $369,586.91.

Flowco Stock Performance

Flowco stock traded up $0.17 during midday trading on Friday, reaching $21.25. 458,961 shares of the company’s stock were exchanged, compared to its average volume of 626,303. Flowco Holdings Inc. has a 52 week low of $15.72 and a 52 week high of $28.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.99 and a current ratio of 3.19. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 16.10 and a beta of 0.92. The stock’s 50-day simple moving average is $19.64 and its 200 day simple moving average is $21.82.

Flowco Announces Dividend

The firm 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 $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 13th. Flowco’s dividend payout ratio (DPR) is presently 27.27%.

Analysts Set New Price Targets

Several research analysts have recently commented on FLOC shares. Zacks Research upgraded Flowco from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Citigroup decreased their target price on Flowco from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, November 10th. Wall Street Zen upgraded Flowco from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, Weiss Ratings raised Flowco from a “hold (c-)” rating to a “hold (c)” rating in a report 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. According to data from MarketBeat, Flowco currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLOC. Royce & Associates LP lifted its position in Flowco by 74.3% during the third 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 last quarter. Oceanic Investment Management LTD bought a new stake in shares of Flowco during the third quarter worth approximately $8,863,000. Bank of America Corp DE grew its position in shares of Flowco by 327.4% in the first 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. Renaissance Technologies LLC grew its position 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 last quarter. Finally, Walleye Capital LLC bought a new position in shares of Flowco during the first quarter worth approximately $6,121,000.

Flowco Company Profile

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.