Equities researchers at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN – Get Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the textile maker’s stock.
The Dixie Group Stock Up 9.5 %
Shares of NASDAQ:DXYN opened at $0.61 on Thursday. The company has a current ratio of 2.63, a quick ratio of 0.93 and a debt-to-equity ratio of 3.27. The Dixie Group has a 12 month low of $0.46 and a 12 month high of $1.36. The company has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.92. The company has a market cap of $9.49 million, a price-to-earnings ratio of -0.37 and a beta of 2.49.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DXYN. Hodges Capital Management Inc. lifted its stake in The Dixie Group by 51.7% in the second quarter. Hodges Capital Management Inc. now owns 1,289,376 shares of the textile maker’s stock worth $2,424,000 after purchasing an additional 439,239 shares during the last quarter. Vanguard Group Inc. lifted its stake in The Dixie Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock worth $594,000 after purchasing an additional 15,480 shares during the last quarter. First Dallas Securities Inc. bought a new stake in The Dixie Group in the third quarter worth about $321,000. Renaissance Technologies LLC lifted its stake in The Dixie Group by 18.3% in the fourth quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock worth $110,000 after purchasing an additional 21,700 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in The Dixie Group in the second quarter worth about $65,000. Institutional investors own 41.28% of the company’s stock.
The Dixie Group Company Profile
The Dixie Group, Inc manufactures, markets, and sells floorcovering products to residential customers in North America and internationally. The company offers residential carpets, custom rugs, and engineered wood products under the Fabrica brand for interior decorators and designers, selected retailers and furniture stores, luxury home builders, and manufacturers of luxury motor coaches and yachts; and specialty carpets and rugs for the high-end residential marketplace, as well as luxury vinyl flooring products and broadloom carpet products under the Masland Residential brand name through the interior design community and specialty floorcovering retailers.
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