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

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) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,000 shares, adropof39.4% from the July 15th total of 3,300 shares. Approximately0.4% of the shares of the company are short sold. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 0.8 days. Approximately0.4% of the shares of the company are short sold.

Insider Buying and Selling at Flanigan's Enterprises

In related news, insider August Bucci acquired 2,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average price of $26.73 per share, for a total transaction of $53,460.00. Following the completion of the purchase, the insider owned 4,600 shares in the company, valued at approximately $122,958. The trade was a 76.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO James Flanigan II acquired 10,940 shares of the stock in a transaction dated Wednesday, May 21st. The stock was bought at an average price of $25.39 per share, for a total transaction of $277,766.60. Following the purchase, the chief operating officer owned 980,130 shares of the company's stock, valued at $24,885,500.70. The trade was a 1.13% increase in their position. The disclosure for this purchase can be found here. Company insiders own 54.70% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Flanigan's Enterprises stock. Empowered Funds LLC raised its stake in shares of Flanigan's Enterprises, Inc. (NYSEAMERICAN:BDL - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,725 shares of the company's stock after acquiring an additional 445 shares during the quarter. Empowered Funds LLC owned approximately 0.79% of Flanigan's Enterprises worth $364,000 as of its most recent filing with the SEC. 11.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Flanigan's Enterprises in a research report on Monday, May 19th. They issued a "hold" rating for the company.

Flanigan's Enterprises Stock Performance

Shares of NYSEAMERICAN BDL remained flat at $30.80 during midday trading on Tuesday. The company's stock had a trading volume of 589 shares, compared to its average volume of 716. The firm has a market cap of $57.29 million, a price-to-earnings ratio of 13.22 and a beta of 0.28. The business has a 50 day moving average price of $32.32. Flanigan's Enterprises has a 12 month low of $22.61 and a 12 month high of $35.98. 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 business also recently disclosed an annual dividend, which was paid on Friday, June 27th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, June 12th. This is a boost from Flanigan's Enterprises's previous annual dividend of $0.50. This represents a dividend yield of 180.0%. Flanigan's Enterprises's dividend payout ratio (DPR) is 31.07%.

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.

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