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

Semanteon Capital Management LP acquired a new stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,986 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Flexsteel Industries in the fourth quarter valued at approximately $471,000. Raymond James Financial Inc. acquired a new stake in shares of Flexsteel Industries in the fourth quarter valued at approximately $414,000. Charles Schwab Investment Management Inc. increased its holdings in Flexsteel Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,109 shares of the company’s stock worth $767,000 after buying an additional 557 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Flexsteel Industries during the fourth quarter worth $888,000. Finally, Bank of New York Mellon Corp increased its holdings in Flexsteel Industries by 275.7% during the fourth quarter. Bank of New York Mellon Corp now owns 47,919 shares of the company’s stock worth $2,604,000 after buying an additional 35,166 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Trading Down 1.8 %

Shares of FLXS opened at $38.30 on Friday. The company has a market cap 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, Inc. has a 1-year low of $28.81 and a 1-year high of $65.87. The company’s fifty day simple moving average is $47.49 and its 200 day simple moving average is $50.50.

Flexsteel Industries (NASDAQ:FLXS) last issued its earnings results on Monday, February 3rd. The company reported $0.95 earnings per share for the quarter, topping 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, research analysts forecast that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current year.

Flexsteel Industries Announces Dividend

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