Aster Capital Management DIFC Ltd Makes New Investment in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Aster Capital Management DIFC Ltd purchased a new stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,284 shares of the company’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Flexsteel Industries by 26.0% during the 3rd quarter. FMR LLC now owns 37,450 shares of the company’s stock worth $1,659,000 after purchasing an additional 7,723 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Flexsteel Industries by 84.8% in the third quarter. BNP Paribas Financial Markets now owns 9,531 shares of the company’s stock worth $422,000 after purchasing an additional 4,373 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Flexsteel Industries by 129.0% during the third quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock valued at $122,000 after buying an additional 1,547 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Flexsteel Industries in the 3rd quarter valued at about $294,000. Finally, State Street Corp grew its position in shares of Flexsteel Industries by 17.9% in the 3rd quarter. State Street Corp now owns 58,687 shares of the company’s stock worth $2,609,000 after buying an additional 8,917 shares during the last quarter. 36.27% of the stock is currently owned by hedge funds and other institutional investors.

Flexsteel Industries Stock Up 1.2 %

NASDAQ:FLXS opened at $34.31 on Wednesday. The stock has a market capitalization of $180.78 million, a price-to-earnings ratio of 9.58, a PEG ratio of 1.14 and a beta of 0.23. Flexsteel Industries, Inc. has a 52 week low of $28.81 and a 52 week high of $65.87. The firm has a 50 day moving average of $43.87 and a 200 day moving average of $50.06.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. As a group, analysts expect that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.

Flexsteel Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio is presently 18.99%.

Flexsteel Industries 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.