Merrill James A, the Controller at Flowco Holdings Inc. (NASDAQ:FLOC), has recently purchased $48,000 worth of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The transaction, which took place on January 17, 2025, involved the acquisition of 2,000 shares at a price of $24 per share. The stock currently trades at $29.42, near its 52-week high of $30.50, though InvestingPro analysis suggests the shares remain undervalued.
Additionally, Merrill was awarded 8,333 restricted stock units (RSUs) on the same date. These RSUs will vest on the third anniversary of the grant date, with provisions for accelerated vesting if there is a change in control of the company. Each RSU represents a contingent right to receive one share of Class A common stock. InvestingPro data shows the company maintains strong liquidity with a current ratio of…
