2 weeks Ago By ABMN Staff
Renaissance Technologies LLC decreased its position in shares of Flexsteel Industries, Inc. ( NASDAQ:FLXS – Free Report ) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 145,900 shares of the company’s stock after selling 9,568 shares during the quarter. Renaissance Technologies LLC’s holdings in Flexsteel Industries were worth $4,532,000 as of its most recent SEC filing. A number of other hedge funds have also recently bought and sold shares of FLXS.
Denali Advisors LLC bought a new stake in shares of Flexsteel Industries during the first quarter worth $127,000. Rhumbline Advisers raised its holdings in Flexsteel Industries by 1,647.7% during the 2nd quarter.
Rhumbline Advisers now owns 5,313 shares of the company’s stock worth $165,000 after purchasing an additional 5,009 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Flexsteel Industries during the 1st quarter valued at about $195,000.
Ritholtz Wealth Management acquired a new position in Flexsteel Industries during the 2nd quarter valued at about $219,000. Finally, Weitzel Financial Services Inc. bought a new position in shares of Flexsteel Industries in the 1st quarter valued at about $264,000.
36.27% of the stock is currently owned by institutional investors. Flexsteel Industries Stock Up 1.
8 % NASDAQ:FLXS opened at $43.96 on Friday. The stock’s fifty day simple moving average is $39.
16 and its 200-day simple moving average is $36.62. The firm has a market capitalization of $226.
66 million, a P/E ratio of 14.73, a P/E/G ratio of 1.20 and a beta of 0.
46. The company has a quick ratio of 0.97, a current ratio of 2.
57 and a debt-to-equity ratio of 0.03. Flexsteel Industries, Inc.
has a 12-month low of $15.67 and a 12-month high of $45.50.
Flexsteel Industries Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Wednesday, September 25th will be issued a $0.17 dividend.
The ex-dividend date is Wednesday, September 25th. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.15.
This represents a $0.68 annualized dividend and a yield of 1.55%.
Flexsteel Industries’s dividend payout ratio (DPR) is 23.05%. Analyst Ratings Changes Separately, StockNews.
com upgraded shares of Flexsteel Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Get Our Latest Research Report on FLXS Flexsteel Industries Company Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding FLXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flexsteel Industries, Inc. ( NASDAQ:FLXS – Free Report ).
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