100,000 Shares in Flowco Holdings Inc. $FLOC Acquired by Monashee Investment Management LLC

Monashee Investment Management LLC bought a new position in shares of Flowco Holdings Inc. (NYSE:FLOC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 100,000 shares of the company’s stock, valued at approximately $2,060,000.

Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new position in shares of Flowco in the fourth quarter worth approximately $29,000. 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 valued at $29,000 after purchasing an additional 1,518 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Flowco during the 4th quarter valued at $29,000. Tower Research Capital LLC TRC lifted its stake in shares of Flowco by 95.6% during the 2nd 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 in the last quarter. Finally, Strs Ohio bought a new position in Flowco in the 1st quarter worth $92,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings raised Flowco from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 29th. Piper Sandler dropped their price objective on Flowco from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Wall Street Zen downgraded Flowco from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research cut Flowco from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $33.00 price target on shares of Flowco in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.20.

Flowco Stock Up 1.7%

Shares of FLOC stock opened at $20.55 on Thursday. The company’s fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $22.45. Flowco Holdings Inc. has a 52 week low of $14.03 and a 52 week high of $28.26. The stock has a market cap of $1.86 billion, a P/E ratio of 17.57 and a beta of 0.89. The company has a quick ratio of 1.48, a current ratio of 3.09 and a debt-to-equity ratio of 1.00.

Flowco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were given a $0.09 dividend. This is an increase from Flowco’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, May 15th. Flowco’s dividend payout ratio (DPR) is presently 30.77%.

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.