Essex Investment Management Co. LLC Makes New Investment in Flexible Solutions International, Inc. (NYSE:FSI)

Essex Investment Management Co. LLC bought a new stake in Flexible Solutions International, Inc. (NYSE:FSI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,560 shares of the company’s stock, valued at approximately $134,000. Essex Investment Management Co. LLC owned 0.21% of Flexible Solutions International at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FSI. Citadel Advisors LLC grew its position in Flexible Solutions International by 12.6% in the fourth quarter. Citadel Advisors LLC now owns 23,213 shares of the company’s stock worth $84,000 after acquiring an additional 2,590 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Flexible Solutions International by 26.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,499 shares of the company’s stock worth $190,000 after buying an additional 11,017 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Flexible Solutions International by 5.4% during the 4th quarter. Renaissance Technologies LLC now owns 389,445 shares of the company’s stock worth $1,406,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 54.31% of the company’s stock.

Flexible Solutions International Stock Performance

NYSE:FSI opened at $5.39 on Wednesday. The firm has a market capitalization of $68.19 million, a PE ratio of 16.34 and a beta of 1.27. Flexible Solutions International, Inc. has a 1 year low of $1.65 and a 1 year high of $7.24. The company has a current ratio of 3.17, a quick ratio of 2.22 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $4.90 and its 200 day simple moving average is $4.99.

Flexible Solutions International Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Flexible Solutions International’s previous special dividend of $0.05. Flexible Solutions International’s payout ratio is presently 83.33%.

About Flexible Solutions International

Flexible Solutions International, Inc, together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers.