Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Update

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,194 shares, a drop of 51.2% from the December 15th total of 2,449 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 2,613 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 2,613 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Flanigan’s Enterprises Price Performance

Shares of Flanigan’s Enterprises stock traded up $0.40 on Wednesday, hitting $32.15. 1,306 shares of the company traded hands, compared to its average volume of 2,088. Flanigan’s Enterprises has a 52 week low of $22.61 and a 52 week high of $35.98. The business has a 50-day simple moving average of $30.48 and a 200 day simple moving average of $31.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 1.69. The stock has a market capitalization of $59.80 million, a P/E ratio of 11.86 and a beta of 0.26.

Insider Buying and Selling

In other Flanigan’s Enterprises news, CEO James Flanigan II purchased 1,000 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were bought at an average cost of $29.89 per share, with a total value of $29,890.00. Following the acquisition, the chief executive officer owned 981,996 shares in the company, valued at approximately $29,351,860.44. This trade represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 54.70% of the company’s stock.

Institutional Trading of Flanigan’s Enterprises

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises in the second quarter worth $249,000. Empowered Funds LLC increased its position in Flanigan’s Enterprises by 3.1% during the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after acquiring an additional 445 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Flanigan’s Enterprises by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after acquiring an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 11.03% of the company’s stock.

Flanigan’s Enterprises Company Profile

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.