Dynamic Technology Lab Private Ltd Buys New Shares in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Dynamic Technology Lab Private Ltd bought a new position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,980 shares of the company’s stock, valued at approximately $221,000. Dynamic Technology Lab Private Ltd owned approximately 0.10% of Flexsteel Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLXS. Empowered Funds LLC grew 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 purchasing an additional 1,072 shares during the period. Ritholtz Wealth Management raised its holdings in shares of Flexsteel Industries by 47.9% in the 3rd quarter. Ritholtz Wealth Management now owns 10,416 shares of the company’s stock worth $461,000 after acquiring an additional 3,375 shares during the last quarter. Marion Wealth Management lifted its position in Flexsteel Industries by 3.6% in the 3rd quarter. Marion Wealth Management now owns 31,660 shares of the company’s stock valued at $1,402,000 after acquiring an additional 1,101 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Flexsteel Industries by 48.1% during the 2nd quarter. Squarepoint Ops LLC now owns 12,474 shares of the company’s stock valued at $387,000 after purchasing an additional 4,049 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Flexsteel Industries during the 2nd quarter worth approximately $217,000. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Stock Up 2.9 %

FLXS opened at $60.72 on Tuesday. Flexsteel Industries, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $63.00. The firm has a market capitalization of $316.35 million, a P/E ratio of 24.00, a PEG ratio of 1.51 and a beta of 0.42. The company’s 50-day moving average is $52.16 and its 200 day moving average is $41.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.84 and a quick ratio of 1.04.

Flexsteel Industries (NASDAQ:FLXS) last announced its earnings results on Monday, October 21st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. The firm had revenue of $104.01 million for the quarter, compared to the consensus estimate of $101.60 million. Flexsteel Industries had a return on equity of 10.09% and a net margin of 3.30%. During the same quarter in the previous year, the business earned $0.14 EPS. Research analysts expect that Flexsteel Industries, Inc. will post 3.25 earnings per share for the current fiscal year.

Flexsteel Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Wednesday, September 25th were given a $0.17 dividend. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, September 25th. This represents a $0.68 annualized dividend and a yield of 1.12%. Flexsteel Industries’s payout ratio is currently 26.88%.

Analyst Ratings Changes

Separately, StockNews.com raised Flexsteel Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st.

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.