Millennium Management LLC Sells 12,036 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

Millennium Management LLC trimmed its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 43.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,887 shares of the company's stock after selling 12,036 shares during the period. Millennium Management LLC owned about 0.30% of Flexsteel Industries worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Flexsteel Industries in the 4th quarter worth $70,000. SG Americas Securities LLC purchased a new position in Flexsteel Industries during the fourth quarter worth about $106,000. Wells Fargo & Company MN boosted its holdings in Flexsteel Industries by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,739 shares of the company's stock worth $149,000 after purchasing an additional 620 shares during the last quarter. Deutsche Bank AG purchased a new position in Flexsteel Industries during the fourth quarter worth about $181,000. Finally, Semanteon Capital Management LP purchased a new position in Flexsteel Industries during the fourth quarter worth about $217,000. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Stock Up 3.4%

Flexsteel Industries stock traded up $1.02 during midday trading on Monday, hitting $31.36. 17,140 shares of the stock were exchanged, compared to its average volume of 29,545. Flexsteel Industries, Inc. has a 52-week low of $28.81 and a 52-week high of $65.87. The stock has a market capitalization of $165.36 million, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 1.14 and a beta of 0.36. The business's 50-day moving average price is $32.63 and its 200-day moving average price is $44.38.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.25. The company had revenue of $113.97 million during the quarter, compared to the consensus estimate of $112.24 million. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. On average, sell-side analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

About Flexsteel Industries

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.