Sei Investments Co. Buys 52,961 Shares of Flowco Holdings Inc. $FLOC

Key Points

• Sei Investments increased its Flowco Holdings stake by 42.3% in the first quarter, purchasing 52,961 additional shares. It held 178,062 shares worth approximately $3.67 million, or 0.20% of the company.
• Flowco shares opened at $20.92, with a market capitalization of $1.89 billion and a 12-month trading range of $14.03 to $28.26. The stock also declared a quarterly dividend of $0.09, implying a 1.7% yield.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $29.20, although some firms recently downgraded or lowered their targets.

Sei Investments Co. lifted its stake in Flowco Holdings Inc. (NYSE:FLOC - Free Report) by 42.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,062 shares of the company's stock after buying an additional 52,961 shares during the quarter. Sei Investments Co. owned approximately 0.20% of Flowco worth $3,668,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FLOC. Parallel Advisors LLC lifted its stake in 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 purchasing an additional 1,518 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Flowco in the fourth quarter worth about $29,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Flowco in the fourth quarter worth about $29,000. Tower Research Capital LLC TRC boosted its stake in 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 purchased a new position in Flowco during the 3rd quarter valued at approximately $61,000.

Flowco Trading Up 0.9%

FLOC stock opened at $20.92 on Friday. Flowco Holdings Inc. has a 12 month low of $14.03 and a 12 month high of $28.26. The firm's 50-day moving average is $21.42 and its 200 day moving average is $22.50. The company has a market capitalization of $1.89 billion, a PE ratio of 17.88 and a beta of 0.90. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.09 and a quick ratio of 1.48.

Flowco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Friday, August 14th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.36 annualized dividend and a yield of 1.7%. Flowco's dividend payout ratio is 30.77%.

Analyst Ratings Changes

A number of research firms have recently commented on FLOC. Piper Sandler lowered their target price on Flowco from $32.00 to $31.00 and set an "overweight" rating for the company in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Flowco from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday. Zacks Research downgraded shares of Flowco from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Jefferies Financial Group reissued a "buy" rating and set a $33.00 price objective on shares of Flowco in a research note on Thursday, May 7th. Finally, Citigroup initiated coverage on Flowco in a report on Thursday, May 28th. They issued a "neutral" rating and a $31.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.20.

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.

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