Nations Financial Group Inc. IA ADV Boosts Position in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Nations Financial Group Inc. IA ADV boosted its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,406 shares of the company’s stock after buying an additional 265 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Flexsteel Industries were worth $946,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Flexsteel Industries by 226.6% in the third quarter. JPMorgan Chase & Co. now owns 21,408 shares of the company’s stock valued at $948,000 after buying an additional 14,853 shares during the period. Jane Street Group LLC purchased a new position in Flexsteel Industries in the third quarter valued at approximately $228,000. Ritholtz Wealth Management grew its position in Flexsteel Industries by 35.8% in the fourth quarter. Ritholtz Wealth Management now owns 14,144 shares of the company’s stock valued at $769,000 after acquiring an additional 3,728 shares in the last quarter. State Street Corp grew its position in Flexsteel Industries by 17.9% in the third quarter. State Street Corp now owns 58,687 shares of the company’s stock valued at $2,609,000 after acquiring an additional 8,917 shares in the last quarter. Finally, Barclays PLC grew its position in Flexsteel Industries by 20.9% in the third quarter. Barclays PLC now owns 6,147 shares of the company’s stock valued at $273,000 after acquiring an additional 1,061 shares in the last quarter. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Stock Down 3.3 %

Shares of NASDAQ:FLXS opened at $51.65 on Monday. Flexsteel Industries, Inc. has a 52-week low of $28.81 and a 52-week high of $65.87. The company has a 50 day moving average of $54.23 and a two-hundred day moving average of $49.68. The company has a market capitalization of $272.20 million, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.33 and a beta of 0.39.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Saturday, December 28th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, December 27th. Flexsteel Industries’s dividend payout ratio (DPR) is 18.99%.

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.