Connor Clark & Lunn Investment Management Ltd. Purchases New Shares in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,662 shares of the company’s stock, valued at approximately $471,000.

A number of other large investors also recently made changes to their positions in FLXS. SG Americas Securities LLC bought a new stake in Flexsteel Industries in the fourth quarter worth about $106,000. MetLife Investment Management LLC raised its position in Flexsteel Industries by 129.0% in 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. Dynamic Technology Lab Private Ltd bought a new stake in Flexsteel Industries in the third quarter worth about $221,000. Jane Street Group LLC bought a new stake in Flexsteel Industries in the third quarter worth about $228,000. Finally, Barclays PLC raised its position in Flexsteel Industries by 20.9% in the third quarter. Barclays PLC now owns 6,147 shares of the company’s stock worth $273,000 after acquiring an additional 1,061 shares during the period. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Stock Performance

Shares of FLXS stock opened at $38.30 on Friday. The firm has a market cap of $201.80 million, a price-to-earnings ratio of 10.70, a P/E/G ratio of 1.14 and a beta of 0.31. Flexsteel Industries, Inc. has a 52 week low of $28.81 and a 52 week high of $65.87. The firm’s 50-day simple moving average is $47.49 and its two-hundred day simple moving average is $50.50.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.74 by $0.21. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. Analysts forecast that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.

Flexsteel Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio (DPR) is currently 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.