16,342 Shares in Flexsteel Industries, Inc. (NASDAQ:FLXS) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in Flexsteel Industries, Inc. (NASDAQ:FLXS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 16,342 shares of the company’s stock, valued at approximately $888,000. Los Angeles Capital Management LLC owned approximately 0.31% of Flexsteel Industries as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC raised its position in Flexsteel Industries by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock valued at $977,000 after buying an additional 1,072 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Flexsteel Industries in the 3rd quarter valued at $221,000. FMR LLC raised its position in Flexsteel Industries by 26.0% in the 3rd quarter. FMR LLC now owns 37,450 shares of the company’s stock valued at $1,659,000 after buying an additional 7,723 shares during the last quarter. BNP Paribas Financial Markets raised its position in Flexsteel Industries by 84.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,531 shares of the company’s stock valued at $422,000 after buying an additional 4,373 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in 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 buying an additional 1,547 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors.

Flexsteel Industries Trading Down 1.0 %

NASDAQ FLXS opened at $44.99 on Friday. The firm has a market capitalization of $237.05 million, a P/E ratio of 12.57, a PEG ratio of 1.14 and a beta of 0.39. The business has a fifty day simple moving average of $51.61 and a 200 day simple moving average of $50.46. Flexsteel Industries, Inc. has a 12 month low of $28.81 and a 12 month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Saturday, December 28th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, December 27th. 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.