Parametric Portfolio Associates LLC Has $213,000 Position in Flexsteel Industries, Inc. (FLXS)
Parametric Portfolio Associates LLC cut its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,943 shares of the company’s stock after selling 48 shares during the quarter. Parametric Portfolio Associates LLC owned 0.05% of Flexsteel Industries worth $213,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners purchased a new stake in shares of Flexsteel Industries in the 2nd quarter valued at about $1,912,000. Vanguard Group Inc. increased its holdings in Flexsteel Industries by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 297,889 shares of the company’s stock valued at $16,119,000 after purchasing an additional 17,537 shares in the last quarter. Northern Trust Corp increased its holdings in Flexsteel Industries by 19.8% in the 2nd quarter. Northern Trust Corp now owns 101,029 shares of the company’s stock valued at $5,467,000 after purchasing an additional 16,690 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in Flexsteel Industries in the 2nd quarter valued at $508,000. Finally, GSA Capital Partners LLP acquired a new stake in Flexsteel Industries in the 2nd quarter valued at $414,000. 65.84% of the stock is owned by institutional investors and hedge funds.
In other Flexsteel Industries news, Director Jeffrey T. Bertsch sold 1,510 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $50.00, for a total value of $75,500.00. Following the transaction, the director now directly owns 195,659 shares in the company, valued at $9,782,950. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.00% of the stock is owned by insiders.
Separately, BidaskClub downgraded Flexsteel Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.
Shares of Flexsteel Industries, Inc. (NASDAQ FLXS) opened at $52.00 on Friday. The stock has a market capitalization of $399.87, a price-to-earnings ratio of 16.77 and a beta of 2.05. Flexsteel Industries, Inc. has a twelve month low of $43.25 and a twelve month high of $62.99.
About Flexsteel Industries
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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