Raymond James Financial Inc. Buys Shares of 7,619 Flexsteel Industries, Inc. (NASDAQ:FLXS)

Raymond James Financial Inc. purchased a new position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,619 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Flexsteel Industries during the 4th quarter worth $106,000. MetLife Investment Management LLC increased 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 worth $122,000 after acquiring an additional 1,547 shares during the period. Jane Street Group LLC purchased a new position in Flexsteel Industries during the third quarter worth about $228,000. Barclays PLC lifted its position in Flexsteel Industries by 20.9% in the third quarter. Barclays PLC now owns 6,147 shares of the company’s stock valued at $273,000 after purchasing an additional 1,061 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Flexsteel Industries in the third quarter valued at about $294,000. 36.27% of the stock is owned by institutional investors and hedge funds.

Flexsteel Industries Trading Up 1.2 %

NASDAQ FLXS opened at $34.31 on Wednesday. The stock has a market capitalization of $180.78 million, a price-to-earnings ratio of 9.58, a PEG ratio of 1.14 and a beta of 0.23. The business’s 50 day moving average is $43.87 and its two-hundred day moving average is $50.06. Flexsteel Industries, Inc. has a 12-month low of $28.81 and a 12-month high of $65.87.

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

Flexsteel Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.98%. Flexsteel Industries’s dividend payout ratio is presently 18.99%.

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.