Hodges Capital Management Inc. Reduces Stake in The Dixie Group, Inc. (NASDAQ:DXYN)

Hodges Capital Management Inc. decreased its holdings in The Dixie Group, Inc. (NASDAQ:DXYN) by 96.2% in the first quarter, HoldingsChannel.com reports. The fund owned 54,746 shares of the textile maker’s stock after selling 1,384,364 shares during the period. Hodges Capital Management Inc.’s holdings in The Dixie Group were worth $31,000 at the end of the most recent quarter.

Separately, First Dallas Securities Inc. purchased a new position in The Dixie Group during the third quarter valued at $321,000. Institutional investors and hedge funds own 40.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of The Dixie Group in a research report on Thursday. They set a “hold” rating for the company.

The Dixie Group Stock Down 6.6 %

DXYN stock traded down $0.05 on Friday, reaching $0.66. 40,469 shares of the company traded hands, compared to its average volume of 45,006. The firm has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $0.67. The Dixie Group, Inc. has a one year low of $0.46 and a one year high of $1.36. The company has a quick ratio of 0.82, a current ratio of 2.39 and a debt-to-equity ratio of 2.99.

The Dixie Group (NASDAQ:DXYN) last posted its quarterly earnings results on Thursday, May 2nd. The textile maker reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $65.25 million during the quarter. The Dixie Group had a negative return on equity of 10.20% and a negative net margin of 1.26%.

The Dixie Group 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.