Quadrature Capital Ltd Buys New Stake in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Quadrature Capital Ltd purchased a new position in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,634 shares of the company’s stock, valued at approximately $294,000. Quadrature Capital Ltd owned approximately 0.13% of Flexsteel Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in FLXS. American Century Companies Inc. lifted its stake in shares of Flexsteel Industries by 185.1% during the second quarter. American Century Companies Inc. now owns 46,521 shares of the company’s stock valued at $1,445,000 after buying an additional 30,203 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in shares of Flexsteel Industries during the 2nd quarter worth $843,000. Bank of New York Mellon Corp acquired a new stake in shares of Flexsteel Industries during the second quarter worth $425,000. FMR LLC grew its position in shares of Flexsteel Industries by 26.0% in the third quarter. FMR LLC now owns 37,450 shares of the company’s stock valued at $1,659,000 after purchasing an additional 7,723 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in Flexsteel Industries in the second quarter valued at $219,000. 36.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Flexsteel Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st.

Flexsteel Industries Stock Down 0.7 %

Shares of FLXS opened at $59.66 on Wednesday. The firm has a market cap of $310.83 million, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.54 and a beta of 0.40. The company has a quick ratio of 1.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average is $54.20 and its two-hundred day moving average is $42.99. Flexsteel Industries, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $63.00.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. The firm had revenue of $104.01 million during the quarter, compared to the consensus estimate of $101.60 million. Flexsteel Industries had a return on equity of 10.09% and a net margin of 3.30%. During the same quarter in the previous year, the business earned $0.14 earnings per share. Analysts forecast that Flexsteel Industries, Inc. will post 3.25 earnings per share for the current year.

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.