Arrowstreet Capital Limited Partnership Purchases 18,903 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

Arrowstreet Capital Limited Partnership lifted its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 93.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,160 shares of the company’s stock after acquiring an additional 18,903 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.74% of Flexsteel Industries worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Flexsteel Industries by 26.2% during the 4th quarter. JPMorgan Chase & Co. now owns 27,014 shares of the company’s stock worth $1,468,000 after buying an additional 5,606 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in Flexsteel Industries by 792.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 24,056 shares of the company’s stock worth $1,307,000 after acquiring an additional 21,359 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Flexsteel Industries by 33.2% in the fourth quarter. American Century Companies Inc. now owns 98,202 shares of the company’s stock worth $5,336,000 after acquiring an additional 24,492 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Flexsteel Industries in the 4th quarter valued at approximately $217,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Flexsteel Industries during the 4th quarter valued at approximately $471,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

Flexsteel Industries Price Performance

Shares of NASDAQ:FLXS opened at $33.76 on Friday. Flexsteel Industries, Inc. has a one year low of $28.81 and a one year high of $65.87. The company has a market cap of $177.88 million, a price-to-earnings ratio of 9.43, a PEG ratio of 1.14 and a beta of 0.23. The firm has a 50 day simple moving average of $43.00 and a 200 day simple moving average of $49.84.

Flexsteel Industries (NASDAQ:FLXS) last issued its earnings results on Monday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. As a group, analysts expect that Flexsteel Industries, Inc. will post 3.53 EPS for the current year.

Flexsteel Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Wednesday, March 26th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.68 annualized dividend and a yield of 2.01%. Flexsteel Industries’s dividend payout ratio is presently 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.