Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,662 shares of the company's stock, valued at approximately $471,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of Flexsteel Industries as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FLXS. Bank of New York Mellon Corp boosted its stake in Flexsteel Industries by 275.7% in the 4th quarter. Bank of New York Mellon Corp now owns 47,919 shares of the company's stock worth $2,604,000 after purchasing an additional 35,166 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Flexsteel Industries during the fourth quarter worth about $888,000. JPMorgan Chase & Co. boosted its position in shares of Flexsteel Industries by 226.6% during the third quarter. JPMorgan Chase & Co. now owns 21,408 shares of the company's stock worth $948,000 after buying an additional 14,853 shares during the period. State Street Corp grew its holdings in shares of Flexsteel Industries by 17.9% during the third quarter. State Street Corp now owns 58,687 shares of the company's stock worth $2,609,000 after buying an additional 8,917 shares in the last quarter. Finally, FMR LLC raised its position 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 last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.
Flexsteel Industries Price Performance
NASDAQ:FLXS traded down $0.04 during trading hours on Wednesday, reaching $38.42. 12,051 shares of the stock were exchanged, compared to its average volume of 30,250. The stock has a market cap of $202.43 million, a PE ratio of 10.73, a PEG ratio of 1.14 and a beta of 0.31. Flexsteel Industries, Inc. has a twelve month low of $28.81 and a twelve month high of $65.87. The firm has a 50 day moving average of $47.08 and a 200 day moving average of $50.56.
Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.74 by $0.21. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. Equities research analysts anticipate that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.
Flexsteel Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, March 26th. Flexsteel Industries's payout ratio is 18.99%.
About Flexsteel Industries
(
Free Report)
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.
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