Flowco Holdings Inc. (NYSE:FLOC) to Issue Dividend Increase – $0.09 Per Share

Flowco Holdings Inc. (NYSE:FLOC) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.09 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. This is a 12.5% increase from Flowco’s previous quarterly dividend of $0.08.

Flowco has a dividend payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Flowco to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 18.3%.

Flowco Stock Performance

FLOC traded up $0.49 during trading on Friday, reaching $25.32. The company’s stock had a trading volume of 613,197 shares, compared to its average volume of 546,455. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.42 and a current ratio of 3.34. The company’s fifty day moving average price is $22.69 and its 200-day moving average price is $19.88. Flowco has a 52-week low of $14.03 and a 52-week high of $25.41. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 21.45 and a beta of 0.18.

Insiders Place Their Bets

In related news, Director Jonathan B. Fairbanks sold 1,170,000 shares of the stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $21.18, for a total value of $24,780,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Chad Roberts sold 54,706 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $22.39, for a total transaction of $1,224,867.34. Following the transaction, the executive vice president owned 67,008 shares of the company’s stock, valued at $1,500,309.12. This trade represents a 44.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,033,006 shares of company stock worth $191,387,502. 69.76% of the stock is owned by company insiders.

Institutional Trading of Flowco

Several large investors have recently modified their holdings of the business. Parallel Advisors LLC raised its position in shares of Flowco by 8,929.4% during 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 last quarter. Zions Bancorporation National Association UT purchased a new position in Flowco during the fourth quarter worth $29,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Flowco in the fourth quarter worth $29,000. Tower Research Capital LLC TRC lifted its position in shares of Flowco by 95.6% in 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 in the last quarter. Finally, CWM LLC boosted its stake in shares of Flowco by 183.6% during the third quarter. CWM LLC now owns 3,667 shares of the company’s stock valued at $54,000 after acquiring an additional 2,374 shares during the last quarter.

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.