The Dixie Group (NASDAQ:DXYN) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of The Dixie Group (NASDAQ:DXYN – Get Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the textile maker’s stock.

The Dixie Group Stock Performance

NASDAQ DXYN opened at $0.88 on Friday. The Dixie Group has a 52-week low of $0.75 and a 52-week high of $3.82. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.91 and a current ratio of 2.83. The company has a market capitalization of $14.02 million, a P/E ratio of -0.38 and a beta of 2.39. The company has a fifty day moving average of $0.91 and a 200-day moving average of $1.02.

Hedge Funds Weigh In On The Dixie Group

Several hedge funds and other institutional investors have recently modified their holdings of DXYN. Virtu Financial LLC purchased a new stake in The Dixie Group in the fourth quarter worth about $35,000. Renaissance Technologies LLC lifted its stake in shares of 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 buying an additional 21,700 shares in the last quarter. Vanguard Group Inc. lifted its position in The Dixie Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 550,669 shares of the textile maker’s stock valued at $594,000 after purchasing an additional 15,480 shares during the period. Finally, Hodges Capital Management Inc. lifted its position in 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 valued at $1,765,000 after purchasing an additional 995,277 shares during the period. Hedge funds and other institutional investors own 35.88% of the company’s stock.

The Dixie Group Company Profile

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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.