Two Sigma Investments LP reduced its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 64.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,836 shares of the company’s stock after selling 30,057 shares during the quarter. Two Sigma Investments LP owned approximately 0.21% of Flexsteel Industries worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of FLXS. Bank of New York Mellon Corp lifted its position in shares of Flexsteel Industries by 7.9% during the 1st quarter. Bank of New York Mellon Corp now owns 65,378 shares of the company’s stock valued at $717,000 after buying an additional 4,760 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Flexsteel Industries in the 1st quarter valued at about $234,000. Renaissance Technologies LLC lifted its holdings in Flexsteel Industries by 13.2% during the fourth quarter. Renaissance Technologies LLC now owns 256,293 shares of the company’s stock valued at $5,105,000 after purchasing an additional 29,875 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Flexsteel Industries during the fourth quarter worth about $319,000. Finally, Barclays PLC boosted its position in Flexsteel Industries by 100.7% during the fourth quarter. Barclays PLC now owns 7,627 shares of the company’s stock worth $152,000 after purchasing an additional 3,826 shares during the period. Hedge funds and other institutional investors own 65.74% of the company’s stock.
In other Flexsteel Industries news, Director Matthew Kaness acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $8.80 per share, with a total value of $88,000.00. Following the completion of the purchase, the director now owns 11,632 shares of the company’s stock, valued at $102,361.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Derek P. Schmidt bought 2,820 shares of Flexsteel Industries stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average price of $11.86 per share, with a total value of $33,445.20. Following the completion of the transaction, the chief financial officer now owns 25,235 shares of the company’s stock, valued at $299,287.10. The disclosure for this purchase can be found here. Insiders bought 59,946 shares of company stock valued at $636,244 over the last 90 days. 6.80% of the stock is owned by company insiders.
Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.45) earnings per share (EPS) for the quarter. Flexsteel Industries had a negative net margin of 5.22% and a negative return on equity of 3.49%. The company had revenue of $98.82 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Friday, June 19th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, June 18th.
Separately, ValuEngine downgraded shares of Flexsteel Industries from a “buy” rating to a “hold” rating in a report on Friday, March 13th.
Flexsteel Industries Company Profile
Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers its products for use in home, hotel, healthcare, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives.
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