Hillsdale Investment Management Inc. Acquires 21,359 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

Hillsdale Investment Management Inc. lifted its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 792.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,056 shares of the company's stock after purchasing an additional 21,359 shares during the quarter. Hillsdale Investment Management Inc. owned 0.46% of Flexsteel Industries worth $1,307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FLXS. SG Americas Securities LLC acquired a new position in Flexsteel Industries in the fourth quarter valued at about $106,000. MetLife Investment Management LLC grew its position in shares of Flexsteel Industries by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 2,746 shares of the company's stock valued at $122,000 after purchasing an additional 1,547 shares during the period. Semanteon Capital Management LP acquired a new position in shares of Flexsteel Industries in the 4th quarter valued at approximately $217,000. Dynamic Technology Lab Private Ltd bought a new stake in Flexsteel Industries during the 3rd quarter worth approximately $221,000. Finally, Jane Street Group LLC acquired a new stake in Flexsteel Industries during the 3rd quarter worth approximately $228,000. Institutional investors and hedge funds own 36.27% of the company's stock.

Flexsteel Industries Price Performance

Shares of FLXS traded up $0.02 during midday trading on Thursday, hitting $38.44. The stock had a trading volume of 11,830 shares, compared to its average volume of 30,189. The firm has a market cap of $202.54 million, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.14 and a beta of 0.31. The company has a 50 day simple moving average of $46.82 and a two-hundred day simple moving average of $50.48. Flexsteel Industries, Inc. has a twelve month low of $28.81 and a twelve month high of $65.87.

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

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.77%. Flexsteel Industries's dividend payout ratio is presently 18.99%.

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.