Bank of New York Mellon Corp lessened its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 21.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,169 shares of the company’s stock after selling 15,226 shares during the quarter. Bank of New York Mellon Corp owned 0.72% of Flexsteel Industries worth $2,848,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of FLXS. Advisor Group Inc. lifted its holdings in shares of Flexsteel Industries by 1,119.1% during the third quarter. Advisor Group Inc. now owns 4,023 shares of the company’s stock worth $204,000 after purchasing an additional 3,693 shares during the period. IndexIQ Advisors LLC lifted its holdings in shares of Flexsteel Industries by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 17,198 shares of the company’s stock worth $872,000 after purchasing an additional 7,805 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Flexsteel Industries by 5.5% during the second quarter. California State Teachers Retirement System now owns 13,507 shares of the company’s stock worth $731,000 after purchasing an additional 700 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Flexsteel Industries by 22.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,519 shares of the company’s stock worth $352,000 after purchasing an additional 1,201 shares during the period. Finally, State Street Corp lifted its holdings in shares of Flexsteel Industries by 6.3% during the second quarter. State Street Corp now owns 120,524 shares of the company’s stock worth $6,524,000 after purchasing an additional 7,166 shares during the period. 65.82% of the stock is owned by institutional investors and hedge funds.
Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) opened at $48.89 on Friday. Flexsteel Industries, Inc. has a twelve month low of $43.25 and a twelve month high of $57.83. The company has a market capitalization of $383.56, a PE ratio of 15.37 and a beta of 2.04.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, December 14th. Flexsteel Industries’s dividend payout ratio (DPR) is 27.67%.
In related news, Director Jeffrey T. Bertsch sold 1,510 shares of Flexsteel Industries stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.00, for a total transaction of $75,500.00. Following the completion of the sale, the director now owns 195,659 shares of the company’s stock, valued at $9,782,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.00% of the company’s stock.
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Flexsteel Industries Profile
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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