Raymond James Financial Inc. Invests $414,000 in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Raymond James Financial Inc. acquired a new stake in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,619 shares of the company's stock, valued at approximately $414,000. Raymond James Financial Inc. owned about 0.15% of Flexsteel Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Flexsteel Industries during the fourth quarter worth $106,000. MetLife Investment Management LLC raised its holdings 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. Jane Street Group LLC acquired a new stake in Flexsteel Industries in the 3rd quarter valued at about $228,000. Barclays PLC lifted its stake in Flexsteel Industries by 20.9% in the 3rd quarter. Barclays PLC now owns 6,147 shares of the company's stock valued at $273,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Flexsteel Industries during the third quarter worth about $294,000. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Trading Up 3.2 %

NASDAQ:FLXS traded up $1.07 on Friday, hitting $34.83. The company's stock had a trading volume of 12,896 shares, compared to its average volume of 30,171. Flexsteel Industries, Inc. has a one year low of $28.81 and a one year high of $65.87. The firm has a market capitalization of $183.52 million, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23. The stock has a fifty day moving average of $42.44 and a two-hundred day moving average of $49.82.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.95 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.

Flexsteel Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.95%. Flexsteel Industries's 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.