Flexsteel Industries, Inc. (NASDAQ:FLXS) Director Jeffrey T. Bertsch sold 1,510 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $50.00, for a total transaction of $75,500.00. Following the completion of the transaction, the director now directly owns 195,659 shares in the company, valued at approximately $9,782,950. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Flexsteel Industries, Inc. (NASDAQ FLXS) traded down $0.19 during midday trading on Wednesday, hitting $50.42. 25,800 shares of the stock traded hands, compared to its average volume of 28,013. The company has a market cap of $397.05, a price-to-earnings ratio of 16.65 and a beta of 2.05. Flexsteel Industries, Inc. has a one year low of $43.25 and a one year high of $62.99.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Flexsteel Industries by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 656,448 shares of the company’s stock valued at $33,282,000 after purchasing an additional 2,023 shares during the last quarter. Vanguard Group Inc. boosted its stake in Flexsteel Industries by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 297,889 shares of the company’s stock worth $16,119,000 after acquiring an additional 17,537 shares during the last quarter. State Street Corp boosted its stake in Flexsteel Industries by 6.3% during the 2nd quarter. State Street Corp now owns 120,524 shares of the company’s stock worth $6,524,000 after acquiring an additional 7,166 shares during the last quarter. Northern Trust Corp boosted its stake in Flexsteel Industries by 19.8% during the 2nd quarter. Northern Trust Corp now owns 101,029 shares of the company’s stock worth $5,467,000 after acquiring an additional 16,690 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Flexsteel Industries by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,395 shares of the company’s stock worth $3,864,000 after acquiring an additional 2,780 shares during the last quarter. 65.20% of the stock is currently owned by institutional investors.

Separately, BidaskClub lowered shares of Flexsteel Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th.

About Flexsteel Industries

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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