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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,799 shares, a decline 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 trading volume of 28,077 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Flanigan’s Enterprises

In other news, CEO James Flanigan II bought 1,899 shares of Flanigan’s Enterprises stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $31.76 per share, with a total value of $60,312.24. Following the acquisition, the chief executive officer owned 983,971 shares of the company’s stock, valued at $31,250,918.96. The trade was a 0.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have purchased 2,000 shares of company stock valued at $63,453. Corporate insiders own 62.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in Flanigan’s Enterprises in the 2nd quarter worth $249,000. Empowered Funds LLC raised its holdings 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 period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Flanigan’s Enterprises by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 63,747 shares of the company’s stock valued at $2,032,000 after acquiring an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 11.03% of the company’s stock.

Flanigan’s Enterprises Price Performance

NYSEAMERICAN:BDL traded down $1.50 during trading hours on Monday, hitting $37.94. 57,933 shares of the stock traded hands, compared to its average volume of 36,897. The company has a market cap of $70.57 million, a price-to-earnings ratio of 11.82 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. The stock has a 50 day moving average price of $39.13 and a 200 day moving average price of $34.54. The company has a quick ratio of 1.47, a current ratio of 1.84 and a debt-to-equity ratio of 0.22.

Flanigan’s Enterprises Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.60 per share. This represents a dividend yield of 170.0%. The ex-dividend date was Wednesday, June 10th. This is a positive change from Flanigan’s Enterprises’s previous annual dividend of $0.55. Flanigan’s Enterprises’s payout ratio is 33.90%.

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.