Flexsteel Industries, Inc. (NASDAQ:FLXS) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its position in Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) by 43.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,887 shares of the company's stock after selling 12,036 shares during the quarter. Millennium Management LLC owned 0.30% of Flexsteel Industries worth $863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Flexsteel Industries in the fourth quarter worth about $106,000. Empowered Funds LLC increased 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 worth $1,257,000 after purchasing an additional 1,079 shares during the last quarter. Rhumbline Advisers increased its holdings in Flexsteel Industries by 49.7% during the 4th quarter. Rhumbline Advisers now owns 7,223 shares of the company's stock worth $392,000 after purchasing an additional 2,399 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Flexsteel Industries by 1.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 17,406 shares of the company's stock valued at $946,000 after purchasing an additional 265 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Flexsteel Industries by 275.7% during the 4th quarter. Bank of New York Mellon Corp now owns 47,919 shares of the company's stock valued at $2,604,000 after buying an additional 35,166 shares during the last quarter. 36.27% of the stock is owned by hedge funds and other institutional investors.

Flexsteel Industries Stock Performance

Shares of FLXS stock traded up $0.79 during mid-day trading on Tuesday, reaching $32.15. 15,603 shares of the company were exchanged, compared to its average volume of 29,544. The business's 50 day simple moving average is $32.50 and its 200 day simple moving average is $44.19. The company has a market capitalization of $169.53 million, a P/E ratio of 8.98, a P/E/G ratio of 1.14 and a beta of 0.36. Flexsteel Industries, Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $65.87.

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