In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Dixie Group Inc. (NASDAQ:DXYN) reported that Dixie Group Inc. has picked up 984,539 of common stock as of 2017-04-12.
The acquisition brings the aggregate amount owned by Dixie Group Inc. to a total of 984,539 representing a 6.1% stake in the company.
For those not familiar with the company, The Dixie Group, Inc. is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers. The Company’s brands include Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract and Masland Hospitality. Dixie International sells its brands outside of the North American market. Fabrica markets and manufactures various residential carpet and custom rugs. Masland Contract markets and manufactures broadloom and modular carpet tile for the specified commercial marketplace. Masland Residential markets and manufactures design-driven specialty carpets and rugs for the residential marketplace. Dixie Home markets a range of tufted broadloom residential and commercial carpets.
A glance at Dixie Group Inc. (NASDAQ:DXYN)’s key stats reveals a current market capitalization of 58.05 Million based on 15.25 Million shares outstanding and a price at last close of $3.55 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-01, Blue picked up 1,080 at a purchase price of $3.50. This brings their total holding to 19,171 as of the date of the filing.
On the sell side, the most recent transaction saw Comiskey unload 5,621 shares at a sale price of $10.90. This brings their total holding to 81,607.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Dixie Group Inc. (NASDAQ:DXYN) as things move forward to see if its progress aligns with these transactions.
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