Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Sees Large Growth in Short Interest

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,449 shares, a growth of 74.1% from the November 30th total of 1,407 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 913 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 913 shares, the short-interest ratio is currently 2.7 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Flanigan’s Enterprises

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in Flanigan’s Enterprises by 3.1% in the first quarter. Empowered Funds LLC now owns 14,725 shares of the company’s stock valued at $364,000 after buying an additional 445 shares during the period. Geode Capital Management LLC acquired a new position in shares of Flanigan’s Enterprises during the 2nd quarter worth approximately $249,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 516 shares during the period. Institutional investors and hedge funds own 11.03% of the company’s stock.

Flanigan’s Enterprises Stock Up 1.5%

Shares of BDL traded up $0.45 during trading hours on Friday, hitting $29.58. 4,383 shares of the company were exchanged, compared to its average volume of 866. Flanigan’s Enterprises has a 52 week low of $22.61 and a 52 week high of $35.98. The company has a market cap of $55.02 million, a PE ratio of 10.92 and a beta of 0.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.69. The firm’s 50 day moving average is $30.78 and its 200-day moving average is $31.14.

About Flanigan’s Enterprises

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.