O Shaughnessy Asset Management LLC Purchases 5,224 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

O Shaughnessy Asset Management LLC lifted its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 23.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,433 shares of the company’s stock after purchasing an additional 5,224 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.52% of Flexsteel Industries worth $1,491,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Flexsteel Industries by 93.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,160 shares of the company’s stock worth $2,128,000 after buying an additional 18,903 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Flexsteel Industries by 26.2% in the 4th quarter. JPMorgan Chase & Co. now owns 27,014 shares of the company’s stock worth $1,468,000 after acquiring an additional 5,606 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Flexsteel Industries by 792.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 24,056 shares of the company’s stock valued at $1,307,000 after acquiring an additional 21,359 shares in the last quarter. American Century Companies Inc. boosted its stake in Flexsteel Industries by 33.2% during the 4th quarter. American Century Companies Inc. now owns 98,202 shares of the company’s stock valued at $5,336,000 after purchasing an additional 24,492 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in Flexsteel Industries during the 4th quarter worth approximately $217,000. 36.27% of the stock is currently owned by institutional investors.

Flexsteel Industries Stock Up 0.7 %

FLXS stock opened at $34.43 on Friday. The stock’s 50 day moving average is $44.80 and its 200-day moving average is $50.27. Flexsteel Industries, Inc. has a twelve month low of $28.81 and a twelve month high of $65.87. The firm has a market capitalization of $181.41 million, a PE ratio of 9.62, a P/E/G ratio of 1.14 and a beta of 0.31.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings data 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 net margin of 4.63% and a return on equity of 11.25%. On average, equities research analysts anticipate that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.68 annualized dividend and a yield of 1.98%. Flexsteel Industries’s dividend payout ratio (DPR) is 18.99%.

Flexsteel Industries Company 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.