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

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,501 shares, an increase of 195.8% from the May 31st total of 2,198 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 3,728 shares, the short-interest ratio is currently 1.7 days.

Insider Buying and Selling at Flanigan’s Enterprises

In related news, CEO James Flanigan II purchased 1,899 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $31.76 per share, for a total transaction of $60,312.24. Following the acquisition, the chief executive officer directly owned 983,971 shares in the company, valued at $31,250,918.96. This trade represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have acquired 2,000 shares of company stock valued at $63,453. 62.30% of the stock is owned by company insiders.

Institutional Trading of Flanigan’s Enterprises

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Flanigan’s Enterprises by 0.8% during the 3rd 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 in the last quarter. Geode Capital Management LLC purchased a new position in Flanigan’s Enterprises in the second quarter valued at approximately $249,000. Finally, Empowered Funds LLC lifted 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 buying an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 11.03% of the company’s stock.

Flanigan’s Enterprises Trading Down 3.9%

Shares of BDL traded down $1.82 during trading hours on Tuesday, hitting $45.15. The stock had a trading volume of 2,052 shares, compared to its average volume of 4,237. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.84. The firm has a market cap of $83.98 million, a P/E ratio of 14.07 and a beta of 0.35. The company’s fifty day simple moving average is $34.68 and its 200 day simple moving average is $32.81. Flanigan’s Enterprises has a 12-month low of $26.33 and a 12-month high of $47.99.

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 issued a $0.60 dividend. This is a positive change from Flanigan’s Enterprises’s previous annual dividend of $0.55. The ex-dividend date was Wednesday, June 10th. This represents a dividend yield of 170.0%. Flanigan’s Enterprises’s dividend payout ratio (DPR) is 33.90%.

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.