Connor Clark & Lunn Investment Management Ltd. Invests $471,000 in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,662 shares of the company’s stock, valued at approximately $471,000. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Flexsteel Industries as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FLXS. SG Americas Securities LLC acquired a new stake in Flexsteel Industries in the fourth quarter worth $106,000. MetLife Investment Management LLC grew its holdings in Flexsteel Industries by 129.0% in the third quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock worth $122,000 after purchasing an additional 1,547 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Flexsteel Industries in the third quarter worth $221,000. Jane Street Group LLC acquired a new stake in Flexsteel Industries in the third quarter worth $228,000. Finally, Barclays PLC grew its holdings in Flexsteel Industries by 20.9% in the third quarter. Barclays PLC now owns 6,147 shares of the company’s stock worth $273,000 after purchasing an additional 1,061 shares during the period. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Trading Down 1.8 %

NASDAQ:FLXS opened at $38.30 on Friday. The stock has a market capitalization of $201.80 million, a price-to-earnings ratio of 10.70, a PEG ratio of 1.14 and a beta of 0.31. The firm has a fifty day simple moving average of $47.49 and a two-hundred day simple moving average of $50.50. Flexsteel Industries, Inc. has a 12 month low of $28.81 and a 12 month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.21. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. Equities analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio is currently 18.99%.

Flexsteel Industries Company 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.