Sei Investments Co. Increases Stock Position in Flowco Holdings Inc. $FLOC

Sei Investments Co. boosted its holdings in shares of Flowco Holdings Inc. (NYSE:FLOC) by 42.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,062 shares of the company’s stock after buying an additional 52,961 shares during the quarter. Sei Investments Co.’s holdings in Flowco were worth $3,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of 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 acquiring an additional 1,518 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Flowco in the fourth quarter valued at about $29,000. Aster Capital Management DIFC Ltd bought a new position in Flowco in the fourth quarter worth about $29,000. Tower Research Capital LLC TRC lifted its position in shares of 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 buying an additional 1,292 shares during the last quarter. Finally, US Bancorp DE bought a new stake in shares of Flowco in the 3rd quarter valued at about $61,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings lowered shares of Flowco from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Piper Sandler decreased their price objective on Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Wall Street Zen downgraded Flowco from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup initiated coverage on Flowco in a research note on Thursday, May 28th. They issued a “neutral” rating and a $31.00 price target for the company. Finally, Zacks Research lowered Flowco from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.20.

Flowco Price Performance

Shares of FLOC opened at $20.92 on Friday. The business’s 50-day moving average is $21.42 and its two-hundred day moving average is $22.50. The company has a market capitalization of $1.89 billion, a P/E ratio of 17.88 and a beta of 0.90. Flowco Holdings Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $28.26. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Friday, August 14th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 14th. Flowco’s dividend payout ratio (DPR) is 30.77%.

Flowco 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.