16,342 Shares in Flexsteel Industries, Inc. (NASDAQ:FLXS) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,342 shares of the company's stock, valued at approximately $888,000. Los Angeles Capital Management LLC owned 0.31% of Flexsteel Industries as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FLXS. Empowered Funds LLC increased its position in shares of Flexsteel Industries by 5.1% during the third quarter. Empowered Funds LLC now owns 22,048 shares of the company's stock valued at $977,000 after purchasing an additional 1,072 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Flexsteel Industries during the third quarter worth $221,000. FMR LLC increased its holdings in Flexsteel Industries by 26.0% in the 3rd quarter. FMR LLC now owns 37,450 shares of the company's stock valued at $1,659,000 after buying an additional 7,723 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Flexsteel Industries by 84.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,531 shares of the company's stock valued at $422,000 after buying an additional 4,373 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Flexsteel Industries by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 2,746 shares of the company's stock worth $122,000 after acquiring an additional 1,547 shares during the period. Institutional investors and hedge funds own 36.27% of the company's stock.

Flexsteel Industries Trading Down 4.6 %

NASDAQ FLXS traded down $2.09 on Monday, reaching $42.90. The company's stock had a trading volume of 33,100 shares, compared to its average volume of 29,892. Flexsteel Industries, Inc. has a 52 week low of $28.81 and a 52 week high of $65.87. The firm has a market cap of $226.04 million, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.14 and a beta of 0.39. The business has a 50-day moving average price of $51.32 and a 200 day moving average price of $50.62.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. Analysts anticipate that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Saturday, December 28th were paid a $0.17 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.68 annualized dividend and a dividend yield of 1.59%. Flexsteel Industries's dividend payout ratio is presently 18.99%.

Flexsteel Industries Company Profile

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.