Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Up 32.2% in March

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 3,031 shares, a growth of 32.2% from the March 15th total of 2,293 shares. Based on an average daily volume of 1,208 shares, the short-interest ratio is currently 2.5 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in Flanigan’s Enterprises by 3.1% during the 1st 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 last quarter. Geode Capital Management LLC bought a new stake in Flanigan’s Enterprises in the 2nd quarter worth $249,000. Finally, Dimensional Fund Advisors LP grew its holdings in 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. 11.03% of the stock is owned by hedge funds and other institutional investors.

Flanigan’s Enterprises Trading Down 1.8%

Shares of Flanigan’s Enterprises stock traded down $0.55 during trading on Friday, reaching $30.81. The company’s stock had a trading volume of 180 shares, compared to its average volume of 1,039. 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 $57.31 million, a price-to-earnings ratio of 9.91 and a beta of 0.34. The firm’s 50-day moving average is $32.62 and its two-hundred day moving average is $31.63. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.23.

Flanigan’s Enterprises (NYSEAMERICAN:BDL) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.43 earnings per share (EPS) for the quarter. Flanigan’s Enterprises had a net margin of 2.79% and a return on equity of 7.34%. The company had revenue of $52.57 million during the quarter.

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.