Short Interest in Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Drops By 73.4%

by · The Markets Daily

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDLGet Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,799 shares, a decrease of 73.4% from the June 30th total of 6,766 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 28,077 shares, the short-interest ratio is presently 0.1 days.

Insiders Place Their Bets

In other Flanigan’s Enterprises news, CEO James Flanigan II acquired 1,899 shares of the stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $31.76 per share, with a total value of $60,312.24. Following the transaction, the chief executive officer owned 983,971 shares of the company’s stock, valued at approximately $31,250,918.96. This trade represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have acquired 2,000 shares of company stock worth $63,453. 62.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Flanigan’s Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Flanigan’s Enterprises by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after buying an additional 516 shares during the period. Empowered Funds LLC raised its position in Flanigan’s Enterprises by 3.1% during the 1st quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock worth $364,000 after buying an additional 445 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new stake in shares of Flanigan’s Enterprises in the 2nd quarter worth $249,000. 11.03% of the stock is currently owned by hedge funds and other institutional investors.

Flanigan’s Enterprises Stock Performance

BDL stock traded up $1.44 during trading on Friday, hitting $39.44. The company had a trading volume of 24,777 shares, compared to its average volume of 35,807. The firm has a 50-day moving average price of $39.00 and a 200-day moving average price of $34.46. The company has a quick ratio of 1.47, a current ratio of 1.84 and a debt-to-equity ratio of 0.22. The firm has a market cap of $73.36 million, a PE ratio of 12.29 and a beta of 0.25. Flanigan’s Enterprises has a 1-year low of $26.33 and a 1-year high of $47.99.

Flanigan’s Enterprises Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This is an increase from Flanigan’s Enterprises’s previous annual dividend of $0.55. This represents a dividend yield of 170.0%. Flanigan’s Enterprises’s dividend payout ratio is presently 33.90%.

Flanigan’s Enterprises Company Profile

(Get Free Report)

Flanigan’s Enterprises, Inc operates as a regional distributor of beer, wine and distilled spirits, serving a range of retail and on-premise accounts throughout Florida. The company manages a network of wholesale distribution centers and provides a portfolio of both domestic and imported beverage brands. Through its Beverage Distribution & Logistics segment, Flanigan’s delivers products to grocery stores, convenience markets, restaurants, bars and clubs, leveraging its industry relationships to secure a diverse assortment of products for its customers.

To support its distribution operations, Flanigan’s Enterprises maintains warehousing, transportation and inventory management capabilities.

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