Hennessy Advisors Inc. Has $928,000 Position in Flushing Financial Co. (NASDAQ:FFIC)

Hennessy Advisors Inc. lessened its holdings in Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 56.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the bank's stock after selling 85,000 shares during the period. Hennessy Advisors Inc. owned about 0.19% of Flushing Financial worth $928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in Flushing Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock valued at $10,124,000 after buying an additional 5,128 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Flushing Financial by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank's stock valued at $3,401,000 after purchasing an additional 4,876 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Flushing Financial by 531.8% during the 2nd quarter. AQR Capital Management LLC now owns 326,376 shares of the bank's stock valued at $4,292,000 after buying an additional 274,720 shares during the period. Barclays PLC increased its holdings in Flushing Financial by 56.8% in the third quarter. Barclays PLC now owns 51,833 shares of the bank's stock worth $756,000 after buying an additional 18,773 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank's stock worth $106,000 after acquiring an additional 2,836 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Flushing Financial from a "sell" rating to a "hold" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Flushing Financial currently has an average rating of "Hold" and an average target price of $15.50.

Flushing Financial Stock Down 1.3 %

NASDAQ:FFIC traded down $0.19 on Friday, hitting $14.76. 198,729 shares of the company's stock were exchanged, compared to its average volume of 539,370. Flushing Financial Co. has a 52 week low of $10.74 and a 52 week high of $18.59. The company has a market cap of $496.82 million, a P/E ratio of 16.97 and a beta of 0.81. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average price of $15.99 and a 200-day moving average price of $15.00.

Flushing Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, December 6th. Flushing Financial's dividend payout ratio (DPR) is 101.15%.

Insider Transactions at Flushing Financial

In other Flushing Financial news, Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $15.47, for a total transaction of $154,700.00. Following the transaction, the director now owns 67,251 shares in the company, valued at $1,040,372.97. This trade represents a 12.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Astrid Burrowes sold 8,000 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $16.19, for a total transaction of $129,520.00. Following the completion of the sale, the chief accounting officer now directly owns 34,853 shares of the company's stock, valued at $564,270.07. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.31% of the company's stock.

Flushing Financial Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.