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Paul W Hobby, a director at Flowco Holdings Inc. (NASDAQ:FLOC), recently purchased Class A Common Stock valued at approximately $241,700, according to a Form 4 filing with the Securities and Exchange Commission. The transactions occurred on March 19 and March 20, 2025, with Hobby acquiring a total of 10,000 shares. The timing appears strategic, as InvestingPro analysis indicates the stock is currently trading below its Fair Value, with analyst targets ranging from $32 to $35 per share. The shares were bought at prices ranging from $24.15 to $24.175 per share. Following these acquisitions, Hobby now directly owns 25,625 shares of Flowco Holdings. These transactions reflect Hobby’s continued investment in the company, which operates in the oil and gas field machinery and equipment sector. The company demonstrates strong fundamentals with a healthy current ratio of 3.26 and impressive revenue growth of 120% in the last twelve months. InvestingPro subscribers can access additional insights, including 5 key ProTips and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, FlowCo Holdings Inc. reported its Q4 2024 earnings, revealing an earnings per share (EPS) of $2.23 and revenue of $186 million. Despite a slight revenue decline of 1.8% from the previous quarter, the company maintained stable earnings and continues to innovate with new product launches. FlowCo’s adjusted net income for the quarter was $28.8 million, and its consolidated adjusted EBITDA remained flat at $73.8 million, with margins increasing by 50 basis points. The company has projected its Q1 2025 adjusted EBITDA to range between $74 million and $78 million, indicating expectations of continued financial stability.
Additionally, FlowCo is exploring potential mergers and acquisitions and the initiation of dividends. The company recently launched its first electric multi-well high-pressure gas lift unit, marking a significant innovation in its product line. Analysts from firms such as JPMorgan and Jefferies have shown interest in FlowCo’s strategic direction, with discussions around the company’s market position and future growth prospects. These developments reflect FlowCo’s ongoing commitment to production optimization and technological advancements in the energy sector.
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