Flexsteel Industries, Inc. (NASDAQ:FLXS)’s share price reached a new 52-week low on Thursday . The company traded as low as $33.01 and last traded at $34.57, with a volume of 1816 shares traded. The stock had previously closed at $34.20.

A number of equities analysts have recently weighed in on FLXS shares. BidaskClub cut shares of Flexsteel Industries from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. TheStreet cut shares of Flexsteel Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, May 15th.

The company has a market capitalization of $268.64 million, a price-to-earnings ratio of 15.13 and a beta of 1.79.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Flexsteel Industries by 3.1% in the 2nd quarter. BlackRock Inc. now owns 492,768 shares of the company’s stock valued at $19,661,000 after acquiring an additional 14,703 shares during the last quarter. Thomson Horstmann & Bryant Inc. grew its stake in Flexsteel Industries by 2.6% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 195,675 shares of the company’s stock valued at $7,744,000 after acquiring an additional 5,002 shares during the last quarter. Polar Asset Management Partners Inc. grew its stake in Flexsteel Industries by 103.4% in the 1st quarter. Polar Asset Management Partners Inc. now owns 117,053 shares of the company’s stock valued at $4,633,000 after acquiring an additional 59,516 shares during the last quarter. Renaissance Technologies LLC grew its stake in Flexsteel Industries by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 91,400 shares of the company’s stock valued at $3,647,000 after acquiring an additional 3,300 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in Flexsteel Industries by 3.6% in the 2nd quarter. North Star Investment Management Corp. now owns 85,971 shares of the company’s stock valued at $3,430,000 after acquiring an additional 3,000 shares during the last quarter. 63.88% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Company Profile (NASDAQ:FLXS)

Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture for use in home, office, hotel, healthcare, and other commercial applications.

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