Numeric Investors LLC Has $2.02 Million Stake in Flexsteel Industries, Inc. (FLXS)
Numeric Investors LLC decreased its holdings in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,266 shares of the company’s stock after selling 600 shares during the quarter. Numeric Investors LLC owned 0.48% of Flexsteel Industries worth $2,016,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. WBI Investments Inc. purchased a new stake in Flexsteel Industries during the second quarter worth $333,000. GSA Capital Partners LLP purchased a new stake in Flexsteel Industries during the second quarter worth $414,000. Rhumbline Advisers lifted its holdings in Flexsteel Industries by 11.6% during the second quarter. Rhumbline Advisers now owns 8,659 shares of the company’s stock worth $469,000 after buying an additional 900 shares during the period. Citigroup Inc. lifted its holdings in Flexsteel Industries by 101.8% during the second quarter. Citigroup Inc. now owns 8,899 shares of the company’s stock worth $481,000 after buying an additional 4,490 shares during the period. Finally, IndexIQ Advisors LLC purchased a new stake in Flexsteel Industries during the second quarter worth $508,000. 65.88% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub upgraded Flexsteel Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 13th.
Flexsteel Industries, Inc. (NASDAQ FLXS) opened at 49.70 on Friday. Flexsteel Industries, Inc. has a 12 month low of $39.98 and a 12 month high of $62.99. The stock’s 50 day moving average price is $47.11 and its 200-day moving average price is $51.49. The firm has a market capitalization of $388.80 million, a P/E ratio of 16.46 and a beta of 2.05.
Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings results on Tuesday, August 15th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.11). Flexsteel Industries had a net margin of 5.07% and a return on equity of 10.71%. The company had revenue of $117.43 million during the quarter. Equities analysts forecast that Flexsteel Industries, Inc. will post $3.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Friday, September 22nd were given a $0.22 dividend. The ex-dividend date was Thursday, September 21st. This is a boost from Flexsteel Industries’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 1.77%. Flexsteel Industries’s payout ratio is 29.24%.
About Flexsteel Industries
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
Receive News & Ratings for Flexsteel Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flexsteel Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.