Hodges Capital Management Inc. Has $31,000 Stock Holdings in The Dixie Group, Inc. (NASDAQ:DXYN)

Hodges Capital Management Inc. decreased its position in The Dixie Group, Inc. (NASDAQ:DXYN) by 96.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 54,746 shares of the textile maker’s stock after selling 1,384,364 shares during the quarter. Hodges Capital Management Inc. owned 0.35% of The Dixie Group worth $31,000 at the end of the most recent reporting period.

Separately, First Dallas Securities Inc. bought a new position in shares of The Dixie Group in the third quarter valued at about $321,000. 40.00% of the stock is currently owned by hedge funds and other institutional investors.

The Dixie Group Price Performance

DXYN stock traded down $0.05 during trading on Friday, hitting $0.66. The company had a trading volume of 40,469 shares, compared to its average volume of 45,006. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.82 and a current ratio of 2.39. The firm has a 50-day moving average price of $0.78 and a 200-day moving average price of $0.67. The Dixie Group, Inc. has a 12 month low of $0.46 and a 12 month high of $1.36.

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

Wall Street Analyst Weigh In

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

About The Dixie Group

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.