O Shaughnessy Asset Management LLC Purchases 5,224 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

O Shaughnessy Asset Management LLC boosted its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 23.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,433 shares of the company’s stock after buying an additional 5,224 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Flexsteel Industries were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Flexsteel Industries by 275.7% in the 4th quarter. Bank of New York Mellon Corp now owns 47,919 shares of the company’s stock valued at $2,604,000 after acquiring an additional 35,166 shares during the period. American Century Companies Inc. raised its position in shares of Flexsteel Industries by 33.2% in the fourth quarter. American Century Companies Inc. now owns 98,202 shares of the company’s stock valued at $5,336,000 after purchasing an additional 24,492 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of Flexsteel Industries by 792.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 24,056 shares of the company’s stock valued at $1,307,000 after buying an additional 21,359 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Flexsteel Industries by 93.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,160 shares of the company’s stock worth $2,128,000 after buying an additional 18,903 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Flexsteel Industries in the 4th quarter valued at approximately $888,000. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Price Performance

NASDAQ:FLXS opened at $34.43 on Friday. The company has a market cap of $181.41 million, a P/E ratio of 9.62, a P/E/G ratio of 1.14 and a beta of 0.31. The stock’s fifty day moving average price is $44.80 and its two-hundred day moving average price is $50.27. Flexsteel Industries, Inc. has a 1 year low of $28.81 and a 1 year high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.21. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. On average, analysts expect that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th will be given a $0.17 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.98%. Flexsteel Industries’s dividend payout ratio (DPR) is currently 18.99%.

About Flexsteel Industries

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.