Insider Buying: Flexsteel Industries, Inc. (NASDAQ:FLXS) Director Acquires 2,750 Shares of Stock

Flexsteel Industries, Inc. (NASDAQ:FLXS) Director William S. Creekmuir purchased 2,750 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $17.78 per share, with a total value of $48,895.00. Following the purchase, the director now owns 4,690 shares in the company, valued at $83,388.20. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Flexsteel Industries stock traded up $0.07 during mid-day trading on Tuesday, hitting $17.87. The stock had a trading volume of 101 shares, compared to its average volume of 34,980. The firm has a 50-day moving average of $15.50 and a two-hundred day moving average of $17.13. Flexsteel Industries, Inc. has a 12-month low of $12.98 and a 12-month high of $25.97. The company has a quick ratio of 1.72, a current ratio of 3.81 and a debt-to-equity ratio of 0.03. The firm has a market cap of $141.76 million, a P/E ratio of 446.25 and a beta of 1.57.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, August 26th. The company reported ($0.28) earnings per share for the quarter. Flexsteel Industries had a negative net margin of 5.66% and a positive return on equity of 0.14%. The firm had revenue of $100.21 million during the quarter.

Separately, ValuEngine raised shares of Flexsteel Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Several large investors have recently bought and sold shares of FLXS. MidWestOne Financial Group Inc. purchased a new position in shares of Flexsteel Industries during the 2nd quarter worth approximately $5,898,000. Atria Investments LLC purchased a new position in shares of Flexsteel Industries during the 2nd quarter worth approximately $578,000. Polar Asset Management Partners Inc. boosted its position in shares of Flexsteel Industries by 60.1% during the 2nd quarter. Polar Asset Management Partners Inc. now owns 261,293 shares of the company’s stock worth $4,458,000 after purchasing an additional 98,041 shares during the period. Renaissance Technologies LLC boosted its position in shares of Flexsteel Industries by 12.5% during the 2nd quarter. Renaissance Technologies LLC now owns 195,493 shares of the company’s stock worth $3,335,000 after purchasing an additional 21,700 shares during the period. Finally, RBF Capital LLC boosted its position in shares of Flexsteel Industries by 31.1% during the 2nd quarter. RBF Capital LLC now owns 72,100 shares of the company’s stock worth $1,230,000 after purchasing an additional 17,100 shares during the period. 64.01% of the stock is owned by hedge funds and other institutional investors.

About Flexsteel Industries

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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