Nathan’s Famous, Inc. $NATH Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC lessened its position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,902 shares of the restaurant operator’s stock after selling 588 shares during the quarter. Seizert Capital Partners LLC owned 0.10% of Nathan’s Famous worth $431,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Voss Capital LP purchased a new stake in Nathan’s Famous in the first quarter valued at approximately $964,000. Nuveen LLC purchased a new position in Nathan’s Famous during the first quarter valued at $499,000. Voya Investment Management LLC acquired a new stake in Nathan’s Famous in the 1st quarter worth about $465,000. Inspire Investing LLC purchased a new stake in shares of Nathan’s Famous during the second quarter worth approximately $390,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Nathan’s Famous in the first quarter valued at about $279,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Nathan’s Famous Stock Down 1.8%

NASDAQ:NATH opened at $94.57 on Thursday. Nathan’s Famous, Inc. has a 52 week low of $75.14 and a 52 week high of $118.50. The company has a fifty day simple moving average of $106.43 and a two-hundred day simple moving average of $105.51. The company has a market cap of $386.70 million, a price-to-earnings ratio of 16.42 and a beta of 0.38.

Nathan’s Famous (NASDAQ:NATH) last released its earnings results on Thursday, November 6th. The restaurant operator reported $1.26 earnings per share (EPS) for the quarter. Nathan’s Famous had a negative return on equity of 143.21% and a net margin of 15.74%.The firm had revenue of $45.69 million during the quarter.

Nathan’s Famous Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $2.00 annualized dividend and a yield of 2.1%. Nathan’s Famous’s dividend payout ratio (DPR) is 36.04%.

Analyst Ratings Changes

Several research firms recently commented on NATH. Wall Street Zen cut Nathan’s Famous from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “buy (b)” rating on shares of Nathan’s Famous in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

About Nathan’s Famous

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.