40,500 Shares in Flexsteel Industries, Inc. (NASDAQ:FLXS) Purchased by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. purchased a new position in Flexsteel Industries, Inc. (NASDAQ:FLXS) in the 1st quarter, Holdings Channel.com reports. The firm purchased 40,500 shares of the company’s stock, valued at approximately $1,411,000.

Other large investors have also bought and sold shares of the company. Citadel Advisors LLC grew its stake in Flexsteel Industries by 133.2% during the first quarter. Citadel Advisors LLC now owns 14,985 shares of the company’s stock worth $522,000 after buying an additional 8,559 shares during the last quarter. HRT Financial LP grew its stake in Flexsteel Industries by 31.4% during the first quarter. HRT Financial LP now owns 16,395 shares of the company’s stock worth $571,000 after buying an additional 3,922 shares during the last quarter. Barclays PLC bought a new stake in Flexsteel Industries during the first quarter worth about $259,000. Geode Capital Management LLC grew its stake in Flexsteel Industries by 16.2% during the first quarter. Geode Capital Management LLC now owns 99,428 shares of the company’s stock worth $3,465,000 after buying an additional 13,847 shares during the last quarter. Finally, Royce & Associates LP grew its stake in Flexsteel Industries by 2.3% during the first quarter. Royce & Associates LP now owns 1,001,600 shares of the company’s stock worth $34,906,000 after buying an additional 22,100 shares during the last quarter. 52.95% of the stock is owned by hedge funds and other institutional investors.

Shares of Flexsteel Industries stock opened at $37.44 on Thursday. The company has a market capitalization of $256.46 million, a PE ratio of -39.83 and a beta of 0.94. Flexsteel Industries, Inc. has a 1-year low of $14.48 and a 1-year high of $51.13. The business’s 50-day moving average price is $43.52.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Monday, April 26th. The company reported $0.72 EPS for the quarter. Flexsteel Industries had a negative net margin of 2.09% and a positive return on equity of 8.14%. The business had revenue of $118.41 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Monday, July 12th. Stockholders of record on Wednesday, June 30th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.60%.

Flexsteel Industries Company Profile

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables, buffets and storage, and ottomans; and bedroom furniture, including benches, beds, dressers and armoires, and nightstands.

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Institutional Ownership by Quarter for Flexsteel Industries (NASDAQ:FLXS)

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