Flexsteel Industries (FLXS) Hits New 52-Week Low at $30.57
Flexsteel Industries, Inc. (NASDAQ:FLXS)’s share price reached a new 52-week low on Monday . The stock traded as low as $30.57 and last traded at $30.38, with a volume of 1359 shares changing hands. The stock had previously closed at $31.53.
Separately, BidaskClub raised Flexsteel Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 22nd.
The company has a market cap of $249.23 million, a price-to-earnings ratio of 14.01 and a beta of 1.80.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 8th. Shareholders of record on Friday, September 21st will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, September 20th. This represents a $0.88 annualized dividend and a yield of 2.89%.
A number of large investors have recently added to or reduced their stakes in FLXS. Victory Capital Management Inc. purchased a new position in Flexsteel Industries during the 1st quarter valued at about $667,000. First Republic Investment Management Inc. bought a new stake in shares of Flexsteel Industries in the 1st quarter valued at approximately $784,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Flexsteel Industries by 28.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,397 shares of the company’s stock valued at $253,000 after buying an additional 1,400 shares in the last quarter. Polar Asset Management Partners Inc. grew its stake in shares of 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 buying an additional 59,516 shares in the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Flexsteel Industries in the 1st quarter valued at approximately $288,000. 63.71% of the stock is currently owned by institutional investors.
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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