Jane Street Group LLC Makes New $228,000 Investment in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Jane Street Group LLC purchased a new position in Flexsteel Industries, Inc. (NASDAQ:FLXS) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 5,156 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Flexsteel Industries by 17.9% during the third quarter. State Street Corp now owns 58,687 shares of the company’s stock valued at $2,609,000 after acquiring an additional 8,917 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Flexsteel Industries during the third quarter valued at about $294,000. MetLife Investment Management LLC raised its stake in shares of Flexsteel Industries by 129.0% during the third quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock valued at $122,000 after acquiring an additional 1,547 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Flexsteel Industries by 84.8% during the third quarter. BNP Paribas Financial Markets now owns 9,531 shares of the company’s stock valued at $422,000 after acquiring an additional 4,373 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Flexsteel Industries by 26.0% during the third quarter. FMR LLC now owns 37,450 shares of the company’s stock valued at $1,659,000 after acquiring an additional 7,723 shares during the last quarter. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Stock Performance

Shares of NASDAQ:FLXS opened at $48.37 on Friday. The company has a market cap of $251.91 million, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41. The company has a 50-day moving average price of $57.80 and a 200-day moving average price of $46.51. The company has a current ratio of 2.84, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02. Flexsteel Industries, Inc. has a 12 month low of $18.00 and a 12 month high of $65.87.

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

Flexsteel Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors 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 1.41%. The ex-dividend date 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.