Joel Lambert, the Senior Vice President, General Counsel, and Secretary at Flowco Holdings Inc. (NASDAQ:FLOC), recently acquired 4,300 shares of the company's Class A common stock. The purchase, made on January 17, 2025, was executed at a price of $24 per share, totaling $103,200. Following this transaction, Lambert now directly owns 16,800 shares in the company. The stock currently trades near its 52-week high of $30.50, with InvestingPro analysis suggesting the company is undervalued. The company maintains strong profitability with earnings per share of $7.60 over the last twelve months.
Additionally, Lambert was granted 12,500 restricted stock units (RSUs), which will vest on the third anniversary of the grant date, with provisions for accelerated vesting in the event of a change in control of the issuer. Each RSU represents a contingent right to receive one share of Class A common stock. With a robust current ratio of 3.43, InvestingPro data shows Flowco maintains strong financial health, with liquid assets well exceeding short-term obligations. Discover more insights and exclusive analysis with InvestingPro.
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