JPMorgan Chase & Co. Buys 14,853 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

JPMorgan Chase & Co. boosted its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 226.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,408 shares of the company's stock after acquiring an additional 14,853 shares during the period. JPMorgan Chase & Co. owned 0.41% of Flexsteel Industries worth $948,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its position 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 purchasing an additional 1,547 shares during the last quarter. Rhumbline Advisers increased its position in Flexsteel Industries by 1,647.7% in the 2nd quarter. Rhumbline Advisers now owns 5,313 shares of the company's stock worth $165,000 after buying an additional 5,009 shares during the period. Marshall Wace LLP acquired a new position in shares of Flexsteel Industries during the second quarter worth approximately $217,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Flexsteel Industries in the third quarter worth $221,000. Finally, Jane Street Group LLC bought a new position in Flexsteel Industries during the third quarter worth $228,000. 36.27% of the stock is currently owned by institutional investors.

Flexsteel Industries Stock Performance

Flexsteel Industries stock traded down $1.26 during mid-day trading on Friday, reaching $49.88. The company had a trading volume of 21,301 shares, compared to its average volume of 19,143. The company has a 50 day moving average of $56.29 and a 200-day moving average of $47.88. Flexsteel Industries, Inc. has a 52 week low of $26.62 and a 52 week high of $65.87. The company has a quick ratio of 1.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.02. The firm has a market cap of $259.87 million, a price-to-earnings ratio of 19.72, a PEG ratio of 1.32 and a beta of 0.41.

Flexsteel Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Saturday, December 28th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.68 annualized dividend and a yield of 1.36%. Flexsteel Industries's dividend payout ratio (DPR) is 26.88%.

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.