BNP Paribas Financial Markets Lowers Holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS)

BNP Paribas Financial Markets decreased its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 88.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,083 shares of the company’s stock after selling 8,448 shares during the quarter. BNP Paribas Financial Markets’ holdings in Flexsteel Industries were worth $59,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Flexsteel Industries during the 4th quarter valued at about $70,000. SG Americas Securities LLC bought a new position in shares of Flexsteel Industries during the 4th quarter valued at approximately $106,000. Wells Fargo & Company MN grew its stake in shares of Flexsteel Industries by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,739 shares of the company’s stock valued at $149,000 after acquiring an additional 620 shares during the period. Semanteon Capital Management LP bought a new position in shares of Flexsteel Industries during the 4th quarter valued at approximately $217,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Flexsteel Industries during the 4th quarter valued at approximately $348,000. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Trading Down 3.3%

Shares of NASDAQ:FLXS opened at $29.38 on Tuesday. The stock has a 50 day moving average of $33.21 and a 200 day moving average of $45.16. The company has a market cap of $154.92 million, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.14 and a beta of 0.41. Flexsteel Industries, Inc. has a 12-month low of $28.81 and a 12-month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, April 21st. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.25. Flexsteel Industries had a return on equity of 11.25% and a net margin of 4.63%. The business had revenue of $113.97 million during the quarter, compared to the consensus estimate of $112.24 million. Equities research analysts predict that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.

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.