Matauro LLC Buys Shares of 31,365 Flowco Holdings Inc. $FLOC

Matauro LLC bought a new stake in Flowco Holdings Inc. (NYSE:FLOC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,365 shares of the company’s stock, valued at approximately $466,000.

Several other hedge funds also recently bought and sold shares of FLOC. Vanguard Group Inc. purchased a new stake in shares of Flowco during the first quarter worth about $45,022,000. Russell Investments Group Ltd. purchased a new stake in Flowco in the 1st quarter worth approximately $427,000. Charles Schwab Investment Management Inc. acquired a new position in Flowco in the 1st quarter valued at $4,147,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Flowco during the 1st quarter worth $14,108,000. Finally, Interval Partners LP acquired a new stake in shares of Flowco during the first quarter worth $2,239,000.

Insiders Place Their Bets

In other news, EVP Chad Roberts sold 9,253 shares of Flowco stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $19.30, for a total value of $178,582.90. Following the completion of the transaction, the executive vice president directly owned 172,290 shares of the company’s stock, valued at approximately $3,325,197. The trade was a 5.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 83,883 shares of company stock worth $1,548,331 in the last three months.

Analysts Set New Price Targets

A number of brokerages have issued reports on FLOC. Weiss Ratings reissued a “sell (d-)” rating on shares of Flowco in a research note on Tuesday, October 14th. Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Piper Sandler reaffirmed an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $25.00 price target on shares of Flowco in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.20.

Flowco Trading Up 0.5%

NYSE:FLOC opened at $18.04 on Friday. The stock has a market cap of $1.62 billion and a price-to-earnings ratio of 6.01. Flowco Holdings Inc. has a one year low of $14.03 and a one year high of $30.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.33 and a current ratio of 2.90. The business’s 50-day simple moving average is $16.68 and its 200 day simple moving average is $16.82.

Flowco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, November 14th. Flowco’s payout ratio is currently 10.67%.

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.