State Street Corp lifted its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,524 shares of the company’s stock after purchasing an additional 7,166 shares during the quarter. State Street Corp owned about 1.54% of Flexsteel Industries worth $6,524,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in FLXS. WBI Investments Inc. purchased a new position in shares of Flexsteel Industries in the second quarter worth about $333,000. GSA Capital Partners LLP purchased a new position in shares of Flexsteel Industries in the second quarter worth about $414,000. Rhumbline Advisers raised its stake in shares of Flexsteel Industries by 11.6% in the second quarter. Rhumbline Advisers now owns 8,659 shares of the company’s stock worth $469,000 after purchasing an additional 900 shares during the last quarter. Citigroup Inc. raised its stake in shares of Flexsteel Industries by 101.8% in the second quarter. Citigroup Inc. now owns 8,899 shares of the company’s stock worth $481,000 after purchasing an additional 4,490 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new position in shares of Flexsteel Industries in the second quarter worth about $508,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.
Flexsteel Industries, Inc. (FLXS) opened at $50.40 on Friday. The firm has a market capitalization of $383.24, a P/E ratio of 17.10 and a beta of 2.04. Flexsteel Industries, Inc. has a 12-month low of $43.25 and a 12-month high of $62.99.
Separately, BidaskClub cut Flexsteel Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.
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Flexsteel Industries Company Profile
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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