Flexsteel Industries Inc (NASDAQ:FLXS) Institutional Investors Sentiment Index Dropped in 2018 Q1

June 16, 2018 - By Clifton Ray

Sentiment for Flexsteel Industries Inc (NASDAQ:FLXS)

Flexsteel Industries Inc (NASDAQ:FLXS) institutional sentiment decreased to 0.85 in Q1 2018. Its down -0.44, from 1.29 in 2017Q4. The ratio has dropped, as 34 active investment managers started new and increased positions, while 40 sold and reduced their positions in Flexsteel Industries Inc. The active investment managers in our partner’s database now possess: 5.05 million shares, down from 5.13 million shares in 2017Q4. Also, the number of active investment managers holding Flexsteel Industries Inc in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 15 Reduced: 25 Increased: 22 New Position: 12.

Flexsteel Industries, Inc., together with its subsidiaries, makes, imports, and markets residential and contract upholstered and wood furniture products in the United States. The company has market cap of $309.56 million. It offers sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture for use in home, office, hotel, healthcare, and other commercial applications. It has a 11.98 P/E ratio. The firm distributes its products through its sales force and independent representatives.

The stock increased 2.15% or $0.83 during the last trading session, reaching $39.41. About 26,027 shares traded or 10.07% up from the average. Flexsteel Industries, Inc. (NASDAQ:FLXS) has declined 24.44% since June 16, 2017 and is downtrending. It has underperformed by 37.01% the S&P500.

At Bancorp holds 1.57% of its portfolio in Flexsteel Industries, Inc. for 372,162 shares. Thomson Horstmann & Bryant Inc owns 195,675 shares or 1.01% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.39% invested in the company for 82,971 shares. The California-based Rbf Capital Llc has invested 0.26% in the stock. Polar Asset Management Partners Inc., a Ontario – Canada-based fund reported 117,053 shares.

Another recent and important Flexsteel Industries, Inc. (NASDAQ:FLXS) news was published by Gurufocus.com which published an article titled: “6 Cheap High-Yield Companies” on June 13, 2018.

Flexsteel Industries, Inc. (NASDAQ:FLXS) Institutional Positions Chart

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