Jane Street Group LLC Takes Position in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Jane Street Group LLC purchased a new stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,156 shares of the company’s stock, valued at approximately $228,000. Jane Street Group LLC owned approximately 0.10% of Flexsteel Industries at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC grew its position in shares of Flexsteel Industries by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock valued at $122,000 after purchasing an additional 1,547 shares in the last quarter. Rhumbline Advisers grew its position in shares of Flexsteel Industries by 1,647.7% during the 2nd quarter. Rhumbline Advisers now owns 5,313 shares of the company’s stock valued at $165,000 after purchasing an additional 5,009 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Flexsteel Industries during the 2nd quarter valued at $217,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Flexsteel Industries during the 3rd quarter valued at $221,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Flexsteel Industries during the 3rd quarter valued at $294,000. 36.27% of the stock is currently owned by hedge funds and other institutional investors.

Flexsteel Industries Stock Down 5.3 %

FLXS opened at $48.37 on Friday. Flexsteel Industries, Inc. has a one year low of $18.00 and a one year high of $65.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.84 and a quick ratio of 1.04. The firm has a market capitalization of $251.91 million, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41. The company has a fifty day moving average price of $57.80 and a 200-day moving average price of $46.51.

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

Flexsteel Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Saturday, December 28th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, December 27th. Flexsteel Industries’s dividend payout ratio is currently 26.88%.

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.