Jacobs Levy Equity Management Inc. Has $913,000 Holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Jacobs Levy Equity Management Inc. boosted its stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 55.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,807 shares of the company’s stock after purchasing an additional 6,005 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.32% of Flexsteel Industries worth $913,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FLXS. Barclays PLC raised its stake in Flexsteel Industries by 20.9% during the 3rd quarter. Barclays PLC now owns 6,147 shares of the company’s stock valued at $273,000 after purchasing an additional 1,061 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Flexsteel Industries by 226.6% in the 3rd 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. Ritholtz Wealth Management increased its holdings in Flexsteel Industries by 35.8% in the 4th quarter. Ritholtz Wealth Management now owns 14,144 shares of the company’s stock valued at $769,000 after buying an additional 3,728 shares during the period. SG Americas Securities LLC bought a new stake in Flexsteel Industries in the 4th quarter valued at $106,000. Finally, Empowered Funds LLC increased its holdings in Flexsteel Industries by 4.9% in the 4th quarter. Empowered Funds LLC now owns 23,127 shares of the company’s stock valued at $1,257,000 after buying an additional 1,079 shares during the period. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Price Performance

Shares of Flexsteel Industries stock opened at $33.27 on Friday. The firm has a market capitalization of $175.43 million, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.14 and a beta of 0.41. The company’s fifty day moving average price is $34.96 and its two-hundred day moving average price is $47.40. Flexsteel Industries, Inc. has a 52-week low of $28.81 and a 52-week high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings results on Monday, April 21st. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.25. The firm had revenue of $113.97 million for the quarter, compared to analyst estimates of $112.24 million. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. Analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio (DPR) is presently 26.77%.

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.