StockNews.com assumed coverage on shares of The Dixie Group (NASDAQ:DXYN – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the textile maker’s stock.
The Dixie Group Price Performance
Shares of NASDAQ DXYN opened at $0.79 on Thursday. The firm has a market cap of $12.34 million, a PE ratio of -0.34 and a beta of 2.34. The firm has a fifty day moving average of $0.86 and a 200 day moving average of $0.94. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.87 and a current ratio of 2.88. The Dixie Group has a one year low of $0.70 and a one year high of $3.10.
Institutional Investors Weigh In On The Dixie Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. grew its holdings in shares of The Dixie Group by 79.0% during the fourth quarter. Hodges Capital Management Inc. now owns 2,254,688 shares of the textile maker’s stock worth $1,765,000 after buying an additional 995,277 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of The Dixie Group during the 4th quarter valued at about $35,000. Renaissance Technologies LLC boosted its position in shares of The Dixie Group by 18.3% during the 4th quarter. Renaissance Technologies LLC now owns 140,500 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 21,700 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of The Dixie Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock valued at $594,000 after acquiring an additional 15,480 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.
About The Dixie Group
The Dixie Group, Inc engages in the marketing, manufacture, and sale of floorcovering products. It serves the commercial and residential markets. Its brands include Fabrica, Masland Residential, Dixie Home, and AtlasMasland The company was founded in 1920 and is headquartered in Dalton, GA.
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