SG Americas Securities LLC Invests $106,000 in Flexsteel Industries, Inc. (NASDAQ:FLXS)

SG Americas Securities LLC purchased a new position in Flexsteel Industries, Inc. (NASDAQ:FLXS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,951 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLXS. State Street Corp lifted its stake in Flexsteel Industries by 17.9% in the 3rd quarter. State Street Corp now owns 58,687 shares of the company’s stock worth $2,609,000 after purchasing an additional 8,917 shares in the last quarter. FMR LLC increased its holdings in shares of Flexsteel Industries by 26.0% in the third quarter. FMR LLC now owns 37,450 shares of the company’s stock valued at $1,659,000 after purchasing an additional 7,723 shares during the last quarter. Empowered Funds LLC lifted its position in Flexsteel Industries by 5.1% during the third quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock worth $977,000 after buying an additional 1,072 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Flexsteel Industries by 226.6% during the third quarter. JPMorgan Chase & Co. now owns 21,408 shares of the company’s stock worth $948,000 after buying an additional 14,853 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Flexsteel Industries by 35.8% in the 4th quarter. Ritholtz Wealth Management now owns 14,144 shares of the company’s stock valued at $769,000 after buying an additional 3,728 shares in the last quarter. 36.27% of the stock is owned by hedge funds and other institutional investors.

Flexsteel Industries Stock Down 3.9 %

Shares of FLXS opened at $52.29 on Thursday. Flexsteel Industries, Inc. has a 52-week low of $28.81 and a 52-week high of $65.87. The stock has a fifty day simple moving average of $54.74 and a two-hundred day simple moving average of $49.37. The company has a market capitalization of $275.57 million, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.33 and a beta of 0.39.

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

Flexsteel Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Saturday, December 28th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, December 27th. Flexsteel Industries’s payout ratio is presently 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.