Dimensional Fund Advisors LP increased its position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662,299 shares of the company’s stock after purchasing an additional 2,195 shares during the period. Dimensional Fund Advisors LP owned 8.39% of Flexsteel Industries worth $14,624,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in FLXS. Royce & Associates LP raised its holdings in Flexsteel Industries by 11.2% during the fourth quarter. Royce & Associates LP now owns 1,141,100 shares of the company’s stock worth $25,195,000 after purchasing an additional 114,724 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in Flexsteel Industries during the fourth quarter worth approximately $744,000. Parthenon LLC bought a new stake in Flexsteel Industries during the fourth quarter worth approximately $673,000. Bank of New York Mellon Corp raised its holdings in Flexsteel Industries by 45.0% during the fourth quarter. Bank of New York Mellon Corp now owns 96,938 shares of the company’s stock worth $2,141,000 after purchasing an additional 30,107 shares in the last quarter. Finally, North Star Investment Management Corp. raised its holdings in Flexsteel Industries by 27.5% during the fourth quarter. North Star Investment Management Corp. now owns 137,950 shares of the company’s stock worth $3,046,000 after purchasing an additional 29,775 shares in the last quarter. 63.41% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ FLXS traded down $0.12 on Friday, hitting $20.16. 26,800 shares of the stock were exchanged, compared to its average volume of 25,167. Flexsteel Industries, Inc. has a 52-week low of $19.75 and a 52-week high of $40.87. The stock has a market cap of $169.40 million, a price-to-earnings ratio of 30.37 and a beta of 1.53.
Several research analysts have issued reports on FLXS shares. TheStreet lowered shares of Flexsteel Industries from a “c” rating to a “d+” rating in a research report on Tuesday, April 30th. ValuEngine upgraded shares of Flexsteel Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th.
About Flexsteel Industries
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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