GSA Capital Partners LLP bought a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,724 shares of the restaurant operator’s stock, valued at approximately $785,000.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in shares of Nathan’s Famous by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 387 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. State of Wyoming acquired a new position in Nathan’s Famous during the fourth quarter valued at $59,000. Legal & General Group Plc lifted its stake in Nathan’s Famous by 142.0% in the 2nd quarter. Legal & General Group Plc now owns 692 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 406 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Nathan’s Famous by 75.7% in the 2nd quarter. Osaic Holdings Inc. now owns 884 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 381 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Nathan’s Famous by 351.6% during the 4th quarter. State of Alaska Department of Revenue now owns 1,007 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 784 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.
Nathan’s Famous Stock Down 0.3%
Shares of NASDAQ:NATH opened at $97.25 on Thursday. The firm has a fifty day moving average of $99.60 and a two-hundred day moving average of $100.47. The firm has a market capitalization of $398.72 million, a P/E ratio of 20.13 and a beta of 0.29. Nathan’s Famous, Inc. has a 12-month low of $88.67 and a 12-month high of $113.86.
Nathan’s Famous Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a $0.50 dividend. The ex-dividend date was Monday, June 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Nathan’s Famous’s payout ratio is 41.41%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Nathan’s Famous in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.
View Our Latest Stock Report on NATH
About Nathan’s Famous
Nathan’s Famous Inc is a quick-service restaurant company known for its signature all-beef hot dogs and classic American fast-food offerings. The company operates and franchises a network of dining outlets under the Nathan’s Famous brand, serving items such as hamburgers, chicken sandwiches, french fries and specialty sides. In addition to its restaurant business, Nathan’s Famous markets frozen and refrigerated products to retail and foodservice customers across North America.
The company traces its origins to 1916, when founder Nathan Handwerker opened a modest walk-up stand on Coney Island in Brooklyn, New York.
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