Renaissance Technologies LLC Grows Stake in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Renaissance Technologies LLC raised its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,300 shares of the company's stock after purchasing an additional 22,000 shares during the period. Renaissance Technologies LLC owned 3.06% of Flexsteel Industries worth $8,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Flexsteel Industries by 33.2% during the 4th quarter. American Century Companies Inc. now owns 98,202 shares of the company's stock valued at $5,336,000 after purchasing an additional 24,492 shares during the period. Geode Capital Management LLC increased its stake in Flexsteel Industries by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 95,508 shares of the company's stock valued at $5,191,000 after acquiring an additional 253 shares during the last quarter. State Street Corp raised its holdings in shares of Flexsteel Industries by 17.9% during the 3rd quarter. State Street Corp now owns 58,687 shares of the company's stock valued at $2,609,000 after buying an additional 8,917 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Flexsteel Industries by 275.7% in the 4th quarter. Bank of New York Mellon Corp now owns 47,919 shares of the company's stock worth $2,604,000 after acquiring an additional 35,166 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Flexsteel Industries by 93.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,160 shares of the company's stock worth $2,128,000 after purchasing an additional 18,903 shares during the last quarter. Hedge funds and other institutional investors own 36.27% of the company's stock.

Flexsteel Industries Stock Performance

FLXS traded up $0.32 on Wednesday, hitting $36.17. 5,975 shares of the company were exchanged, compared to its average volume of 30,243. Flexsteel Industries, Inc. has a 12 month low of $28.81 and a 12 month high of $65.87. The stock has a market capitalization of $190.58 million, a PE ratio of 10.10, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23. The firm has a fifty day simple moving average of $39.46 and a two-hundred day simple moving average of $49.27.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its earnings results on Monday, April 21st. The company reported $1.13 earnings per share 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 analyst estimates of $112.24 million. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. On average, equities analysts expect that Flexsteel Industries, Inc. will post 3.53 earnings per share 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, March 26th. Flexsteel Industries's dividend payout ratio is presently 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.