Flexsteel Industries, Inc. (FLXS) Stake Lifted by California Public Employees Retirement System
California Public Employees Retirement System grew its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 8.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,600 shares of the company’s stock after acquiring an additional 1,402 shares during the quarter. California Public Employees Retirement System owned about 0.24% of Flexsteel Industries worth $411,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FLXS. Trexquant Investment LP purchased a new position in shares of Flexsteel Industries in the 3rd quarter valued at about $219,000. Rhumbline Advisers increased its holdings in shares of Flexsteel Industries by 44.6% in the 4th quarter. Rhumbline Advisers now owns 10,440 shares of the company’s stock valued at $231,000 after acquiring an additional 3,218 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Flexsteel Industries by 70.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,345 shares of the company’s stock valued at $278,000 after acquiring an additional 3,849 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Flexsteel Industries by 19.1% in the 4th quarter. First Trust Advisors LP now owns 13,216 shares of the company’s stock valued at $292,000 after purchasing an additional 2,121 shares during the period. Finally, James Investment Research Inc. boosted its position in shares of Flexsteel Industries by 11.8% in the 4th quarter. James Investment Research Inc. now owns 16,700 shares of the company’s stock valued at $369,000 after purchasing an additional 1,765 shares during the period. Institutional investors and hedge funds own 62.99% of the company’s stock.
Separately, ValuEngine raised Flexsteel Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.
Flexsteel Industries (NASDAQ:FLXS) last announced its earnings results on Monday, February 4th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $118.35 million during the quarter. Flexsteel Industries had a return on equity of 4.45% and a net margin of 2.28%.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.64%.
In other news, Director Michael Edwards bought 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was purchased at an average cost of $22.36 per share, with a total value of $49,192.00. Following the transaction, the director now directly owns 4,953 shares in the company, valued at $110,749.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.10% of the stock is owned by corporate insiders.
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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