Flexsteel Industries, Inc. (NASDAQ:FLXS) Shares Purchased by Barclays PLC

Barclays PLC increased its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 20.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,147 shares of the company’s stock after purchasing an additional 1,061 shares during the period. Barclays PLC’s holdings in Flexsteel Industries were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Flexsteel Industries in the third quarter worth $228,000. State Street Corp increased its position in shares of Flexsteel Industries by 17.9% in the 3rd 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 period. Quadrature Capital Ltd purchased a new position in Flexsteel Industries in the 3rd quarter worth $294,000. MetLife Investment Management LLC lifted its position in Flexsteel Industries by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock worth $122,000 after acquiring an additional 1,547 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Flexsteel Industries by 84.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,531 shares of the company’s stock worth $422,000 after acquiring an additional 4,373 shares during the period. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Stock Down 0.6 %

Shares of FLXS stock opened at $50.64 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.04 and a current ratio of 2.84. Flexsteel Industries, Inc. has a fifty-two week low of $25.10 and a fifty-two week high of $65.87. The firm has a market capitalization of $263.73 million, a PE ratio of 20.02, a P/E/G ratio of 1.24 and a beta of 0.41. The stock’s 50-day simple moving average is $56.72 and its 200-day simple moving average is $47.44.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.74 earnings per share for the quarter, topping 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 company had revenue of $104.01 million for the quarter, compared to the consensus estimate of $101.60 million. During the same quarter in the prior year, the company earned $0.14 EPS. Equities analysts expect that Flexsteel Industries, Inc. will post 3.25 earnings per share for the current year.

Flexsteel Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Saturday, December 28th were paid a $0.17 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%. Flexsteel Industries’s 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.