EAM Investors LLC Purchases New Holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS)

EAM Investors LLC acquired a new stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,089 shares of the company's stock, valued at approximately $820,000. EAM Investors LLC owned about 0.29% of Flexsteel Industries at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FLXS. Geode Capital Management LLC raised its position in Flexsteel Industries by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 95,508 shares of the company's stock valued at $5,191,000 after purchasing an additional 253 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Flexsteel Industries by 1.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 17,406 shares of the company's stock valued at $946,000 after acquiring an additional 265 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Flexsteel Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,109 shares of the company's stock valued at $767,000 after acquiring an additional 557 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Flexsteel Industries by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,739 shares of the company's stock worth $149,000 after acquiring an additional 620 shares during the period. Finally, Barclays PLC boosted its holdings in Flexsteel Industries by 14.2% in the fourth quarter. Barclays PLC now owns 7,018 shares of the company's stock valued at $381,000 after acquiring an additional 871 shares in the last quarter. 36.27% of the stock is currently owned by hedge funds and other institutional investors.

Flexsteel Industries Trading Up 8.2 %

NASDAQ FLXS traded up $2.64 during trading on Tuesday, hitting $34.58. The company had a trading volume of 17,393 shares, compared to its average volume of 30,222. The company's fifty day moving average is $39.81 and its 200-day moving average is $49.36. Flexsteel Industries, Inc. has a one year low of $28.81 and a one year high of $65.87. The company has a market cap of $182.18 million, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.25. The company had revenue of $113.97 million during the quarter, compared to the consensus estimate of $112.24 million. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. As a group, equities analysts anticipate that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.

Flexsteel Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Wednesday, March 26th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.68 annualized dividend and a yield of 1.97%. Flexsteel Industries's payout ratio is 26.77%.

About Flexsteel Industries

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.