Flexible Solutions International (NYSE:FSI) Trading Down 1.6% - Here's What Happened

Key Points

• Flexible Solutions International (NYSE: FSI) shares fell 1.6% on Thursday, trading as low as $5.52, significantly below its average volume with only 4,399 shares changing hands.
• The company announced a special dividend increase from $0.05 to $0.10, with a payout ratio of 83.33%, benefitting investors of record as of May 19th.
• Institutional investments in Flexible Solutions have increased, with notable growth from firms like Citadel Advisors LLC and Dimensional Fund Advisors LP during the 4th quarter.

Flexible Solutions International, Inc. (NYSE:FSI - Get Free Report)'s stock price dropped 1.6% on Thursday . The stock traded as low as $5.52 and last traded at $5.65. Approximately 4,399 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 190,681 shares. The stock had previously closed at $5.74.

Flexible Solutions International Stock Up 10.9%

The firm has a 50 day simple moving average of $4.86 and a two-hundred day simple moving average of $4.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.17 and a quick ratio of 2.22. The stock has a market cap of $67.02 million, a price-to-earnings ratio of 16.06 and a beta of 1.27.

Flexible Solutions International Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, May 19th. This is a boost from Flexible Solutions International's previous special dividend of $0.05. Flexible Solutions International's payout ratio is 83.33%.

Hedge Funds Weigh In On Flexible Solutions International

Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Flexible Solutions International by 5.4% during the 4th quarter. Renaissance Technologies LLC now owns 389,445 shares of the company's stock valued at $1,406,000 after purchasing an additional 20,000 shares in the last quarter. Evernest Financial Advisors LLC bought a new stake in Flexible Solutions International in the 1st quarter valued at approximately $310,000. Dimensional Fund Advisors LP lifted its stake in Flexible Solutions International by 26.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company's stock valued at $190,000 after acquiring an additional 11,017 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Flexible Solutions International in the 1st quarter valued at approximately $134,000. Finally, Citadel Advisors LLC lifted its stake in Flexible Solutions International by 12.6% in the 4th quarter. Citadel Advisors LLC now owns 23,213 shares of the company's stock valued at $84,000 after acquiring an additional 2,590 shares in the last quarter. Institutional investors own 54.31% of the company's stock.

Flexible Solutions International Company Profile

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.