Insider Buying: Flexsteel Industries, Inc. (NASDAQ:FLXS) CEO Acquires 1,000 Shares of Stock

Flexsteel Industries, Inc. (NASDAQ:FLXS) CEO Jerald K. Dittmer bought 1,000 shares of the stock in a transaction on Thursday, October 1st. The stock was bought at an average price of $24.31 per share, for a total transaction of $24,310.00. Following the completion of the purchase, the chief executive officer now directly owns 38,585 shares in the company, valued at approximately $938,001.35. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of FLXS stock traded up $0.47 during midday trading on Thursday, hitting $24.47. The company had a trading volume of 40,638 shares, compared to its average volume of 66,200. The company’s 50 day simple moving average is $19.49 and its 200 day simple moving average is $13.53. Flexsteel Industries, Inc. has a 52-week low of $7.81 and a 52-week high of $25.03. The stock has a market cap of $188.25 million, a price-to-earnings ratio of -7.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.40 and a quick ratio of 2.08.

Flexsteel Industries (NASDAQ:FLXS) last announced its earnings results on Monday, August 24th. The company reported ($0.47) earnings per share for the quarter. Flexsteel Industries had a negative net margin of 7.32% and a negative return on equity of 4.36%. The company had revenue of $64.81 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.82%.

Hedge funds have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Flexsteel Industries in the second quarter valued at approximately $134,000. Advisor Group Holdings Inc. purchased a new stake in shares of Flexsteel Industries in the first quarter valued at approximately $128,000. Assenagon Asset Management S.A. purchased a new stake in shares of Flexsteel Industries in the second quarter valued at approximately $152,000. Janney Montgomery Scott LLC purchased a new stake in shares of Flexsteel Industries in the second quarter valued at approximately $164,000. Finally, FMR LLC boosted its position in Flexsteel Industries by 50.0% during the second quarter. FMR LLC now owns 15,000 shares of the company’s stock worth $189,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 52.70% of the company’s stock.

Flexsteel Industries Company Profile

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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Insider Buying and Selling by Quarter for Flexsteel Industries (NASDAQ:FLXS)

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