Semanteon Capital Management LP Takes $217,000 Position in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Semanteon Capital Management LP bought a new stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,986 shares of the company’s stock, valued at approximately $217,000. Semanteon Capital Management LP owned about 0.08% of Flexsteel Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its stake in Flexsteel Industries by 1.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 17,406 shares of the company’s stock worth $946,000 after acquiring an additional 265 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Flexsteel Industries by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,109 shares of the company’s stock worth $767,000 after acquiring an additional 557 shares during the last quarter. Barclays PLC boosted its stake in Flexsteel Industries by 20.9% during the 3rd quarter. Barclays PLC now owns 6,147 shares of the company’s stock worth $273,000 after acquiring an additional 1,061 shares during the last quarter. Empowered Funds LLC boosted its stake in Flexsteel Industries by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock worth $977,000 after acquiring an additional 1,072 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Flexsteel Industries by 129.0% during the 3rd quarter. MetLife Investment Management LLC now owns 2,746 shares of the company’s stock worth $122,000 after acquiring an additional 1,547 shares during the last quarter. Institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Price Performance

Flexsteel Industries stock opened at $38.30 on Friday. Flexsteel Industries, Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $65.87. The company’s 50 day simple moving average is $47.49 and its 200 day simple moving average is $50.50. The firm has a market capitalization of $201.80 million, a price-to-earnings ratio of 10.70, a PEG ratio of 1.14 and a beta of 0.31.

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

Flexsteel Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, March 26th. Flexsteel Industries’s payout ratio is currently 18.99%.

Flexsteel Industries 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.