Dimensional Fund Advisors Updates Flexsteel Stake to 396,447 Shares

TL;DR

**Dimensional Fund Advisors LP now solely controls 396,447 Flexsteel shares.**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amended SC 13G/A on February 9, 2024, indicating a change in their beneficial ownership of Flexsteel Industries Inc. As of December 29, 2023, Dimensional Fund Advisors LP now holds sole voting power over 396,447 shares of Flexsteel's Common Stock. This filing is important for investors as it shows a significant institutional investor's updated stake, which can influence market perception and potentially signal confidence or lack thereof in the company's future.

Why It Matters

This filing shows a major institutional investor's current position in Flexsteel, which can impact investor sentiment and stock price due to the perceived endorsement or withdrawal of confidence.

Risk Assessment

Risk Level: low — This filing is a routine update of an institutional holding and does not indicate any immediate high-risk events for the company.

Analyst Insight

Investors should note that a major institutional investor, Dimensional Fund Advisors LP, maintains a substantial position in Flexsteel. While this filing doesn't indicate a new buy or sell, it confirms their continued interest. Monitor future filings for changes in their stake, which could signal shifts in institutional confidence.

Key Numbers

• 396,447 — Shares with Sole Voting Power (This is the number of Flexsteel Industries Inc. common shares over which Dimensional Fund Advisors LP has sole voting control as of December 29, 2023.)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person and institutional investor
• Flexsteel Industries Inc (company) — the subject company whose shares are being reported
• 396,447 (dollar_amount) — number of shares with sole voting power held by Dimensional Fund Advisors LP
• December 29, 2023 (date) — the date of the event requiring this filing
• Delaware Limited Partnership (company) — place of organization for Dimensional Fund Advisors LP

Forward-Looking Statements

• Dimensional Fund Advisors LP will continue to hold a significant stake in Flexsteel Industries Inc. (Dimensional Fund Advisors LP) — high confidence, target: Next SC 13G/A filing (early 2025)

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000354204-24-003184.txt ( ) — 19KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 16 ) * Flexsteel Industries Inc (Name of Issuer) Common Stock (Title of Class of Securities) 339382103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 339382103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 396,447 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 403,395 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 403,395 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.8% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Flexsteel Industries Inc (b) Address of Issuer's Principal Executive Offices 385 Bell Street, Dubuque, IA 52001 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 339382103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 403,395 ** see Note 1 ** (b) Percent of Class: 7.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 396,447 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 403,395 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owner of

View Full Filing

View this SC 13G/A filing on SEC EDGAR