Arrowstreet Capital Limited Partnership Increases Holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Arrowstreet Capital Limited Partnership lifted its position in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 93.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,160 shares of the company's stock after buying an additional 18,903 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.74% of Flexsteel Industries worth $2,128,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FLXS. Nations Financial Group Inc. IA ADV boosted its position in Flexsteel Industries by 1.5% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 17,406 shares of the company's stock worth $946,000 after purchasing an additional 265 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Flexsteel Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,109 shares of the company's stock worth $767,000 after acquiring an additional 557 shares during the last quarter. Barclays PLC grew its position in shares of Flexsteel Industries by 20.9% during 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 in the last quarter. Empowered Funds LLC grew its holdings in Flexsteel Industries by 4.9% during the 4th quarter. Empowered Funds LLC now owns 23,127 shares of the company's stock valued at $1,257,000 after buying an additional 1,079 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Flexsteel Industries in the fourth quarter valued at $106,000. 36.27% of the stock is currently owned by hedge funds and other institutional investors.

Flexsteel Industries Price Performance

Shares of Flexsteel Industries stock traded down $1.01 during trading hours on Wednesday, reaching $31.62. The company's stock had a trading volume of 4,184 shares, compared to its average volume of 30,004. The firm has a 50 day moving average price of $41.42 and a 200-day moving average price of $49.63. Flexsteel Industries, Inc. has a one year low of $28.81 and a one year high of $65.87. The stock has a market cap of $166.58 million, a P/E ratio of 8.83, a P/E/G ratio of 1.14 and a beta of 0.23.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.63% and a return on equity of 11.25%. As a group, sell-side analysts forecast that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th were paid 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 yield of 2.15%. Flexsteel Industries's payout ratio is 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.