HOUSTON—Chmelev Alexander, a director at Flowco Holdings Inc. (NASDAQ:FLOC), recently acquired additional shares in the company. According to a filing with the Securities and Exchange Commission, Alexander purchased 8,300 shares of Class A Common Stock on January 17 at a price of $24 per share, amounting to a total of $199,200. The purchase price represents an attractive entry point, as InvestingPro analysis indicates the stock is currently undervalued, with shares trading at $29.42, near their 52-week high of $30.50.
In addition to the purchase, Alexander received 15,625 restricted stock units (RSUs). These RSUs are set to vest in equal quarterly installments over the next three years, each representing a right to receive one share of Class A Common Stock. Following these transactions, Alexander's (NYSE:ALX) total direct ownership stands at 23,925 shares. The director's increased stake comes as Flowco demonstrates strong financial health, with liquid assets exceeding short-term obligations and a robust current ratio of 3.43. InvestingPro subscribers can access additional insights, including 5 more exclusive ProTips and detailed financial metrics about FLOC's performance.
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