JPMorgan Chase & Co. Buys 14,853 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

JPMorgan Chase & Co. lifted its stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 226.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,408 shares of the company’s stock after acquiring an additional 14,853 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.41% of Flexsteel Industries worth $948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in Flexsteel Industries by 129.0% in the 3rd 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 purchased a new position in shares of Flexsteel Industries in the third quarter worth $221,000. Jane Street Group LLC bought a new position in shares of Flexsteel Industries during the third quarter worth $228,000. Rhumbline Advisers grew its stake in Flexsteel Industries by 1,647.7% during the second quarter. Rhumbline Advisers now owns 5,313 shares of the company’s stock valued at $165,000 after acquiring an additional 5,009 shares in the last quarter. Finally, Barclays PLC increased its holdings in Flexsteel Industries by 20.9% in the 3rd quarter. Barclays PLC now owns 6,147 shares of the company’s stock valued at $273,000 after acquiring an additional 1,061 shares during the last quarter. 36.27% of the stock is owned by hedge funds and other institutional investors.

Flexsteel Industries Stock Performance

NASDAQ FLXS opened at $49.88 on Friday. 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, Inc. has a 1-year low of $26.62 and a 1-year high of $65.87. The business has a 50 day simple moving average of $56.29 and a two-hundred day simple moving average of $47.88. The stock has a market capitalization of $259.87 million, a PE ratio of 19.72, a P/E/G ratio of 1.32 and a beta of 0.41.

Flexsteel Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Saturday, December 28th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.68 annualized dividend and a yield of 1.36%. Flexsteel Industries’s dividend payout ratio (DPR) is presently 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.