Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL) Short Interest Down 39.4% in July

Key Points

• Short interest in Flanigan's Enterprises decreased by 39.4% in July, totaling 2,000 shares, indicating a lower proportion of shares sold short at approximately 0.4%.
• Insider transactions included COO James Flanigan II acquiring 10,940 shares, increasing his stake by 1.13%, while other insider August Bucci raised his position by 76.92% after buying 2,000 shares.
• Flanigan's Enterprises recently increased its annual dividend from $0.50 to $0.55 per share, resulting in a notable dividend yield of 180.0%.

Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,000 shares, adeclineof39.4% from the July 15th total of 3,300 shares. Currently,0.4% of the company's shares are short sold. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 0.8 days. Currently,0.4% of the company's shares are short sold.

Flanigan's Enterprises Stock Down 2.4%

Flanigan's Enterprises stock traded down $0.76 during midday trading on Friday, hitting $31.00. 585 shares of the stock were exchanged, compared to its average volume of 715. Flanigan's Enterprises has a 52-week low of $22.61 and a 52-week high of $35.98. The company has a market capitalization of $57.66 million, a PE ratio of 13.30 and a beta of 0.28. The stock's 50-day simple moving average is $32.32. The company has a quick ratio of 1.27, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Flanigan's Enterprises Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, June 27th. Investors of record on Thursday, June 12th were issued a dividend of $0.55 per share. This represents a yield of 180.0%. This is a boost from Flanigan's Enterprises's previous annual dividend of $0.50. The ex-dividend date was Thursday, June 12th. Flanigan's Enterprises's dividend payout ratio is presently 31.07%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Flanigan's Enterprises stock. Geode Capital Management LLC bought a new stake in Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,177 shares of the company's stock, valued at approximately $249,000. Geode Capital Management LLC owned about 0.39% of Flanigan's Enterprises as of its most recent SEC filing. Institutional investors and hedge funds own 11.03% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Flanigan's Enterprises in a report on Monday, May 19th. They set a "hold" rating on the stock.

About Flanigan's Enterprises

Flanigan's Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy's Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan's Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.