Insider Buying: Flanigan’s Enterprises (NYSEAMERICAN:BDL) CEO Buys 1,000 Shares of Stock

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) CEO James Flanigan II purchased 1,000 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was bought at an average price of $29.89 per share, for a total transaction of $29,890.00. Following the acquisition, the chief executive officer owned 981,996 shares in the company, valued at $29,351,860.44. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

James Flanigan II also recently made the following trade(s):

• On Monday, December 29th, James Flanigan II acquired 866 shares of Flanigan’s Enterprises stock. The shares were purchased at an average price of $30.00 per share, with a total value of $25,980.00.

Flanigan’s Enterprises Trading Down 4.4%

Shares of BDL traded down $1.33 during trading hours on Friday, hitting $29.08. The stock had a trading volume of 7,487 shares, compared to its average volume of 1,878. Flanigan’s Enterprises, Inc. has a 12-month low of $22.61 and a 12-month high of $35.98. The firm has a market cap of $54.08 million, a P/E ratio of 10.73 and a beta of 0.26. 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 company’s fifty day simple moving average is $30.62 and its 200 day simple moving average is $31.10.

Institutional Trading of Flanigan’s Enterprises

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC increased 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 purchasing an additional 445 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Flanigan’s Enterprises by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock worth $2,032,000 after buying an additional 516 shares during the period. Finally, Geode Capital Management LLC purchased a new stake in Flanigan’s Enterprises during the second quarter worth approximately $249,000. 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.