Gamco Investors INC. ET AL Increases Stake in Nathan’s Famous, Inc. (NASDAQ:NATH)

Gamco Investors INC. ET AL grew its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,428 shares of the restaurant operator’s stock after acquiring an additional 3,113 shares during the quarter. Gamco Investors INC. ET AL owned about 6.85% of Nathan’s Famous worth $19,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Nathan’s Famous by 102.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 170 shares during the period. Victory Capital Management Inc. bought a new position in shares of Nathan’s Famous in the fourth quarter worth about $104,000. Meixler Investment Management Ltd. bought a new position in shares of Nathan’s Famous in the first quarter worth about $322,000. BNP Paribas Financial Markets grew its holdings in shares of Nathan’s Famous by 5.3% in the first quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 230 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Nathan’s Famous in the fourth quarter worth about $525,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Nathan’s Famous Trading Up 1.3 %

Shares of NASDAQ:NATH traded up $0.95 during trading on Friday, reaching $73.74. The stock had a trading volume of 5,198 shares, compared to its average volume of 11,368. Nathan’s Famous, Inc. has a one year low of $61.35 and a one year high of $82.00. The company has a market capitalization of $300.86 million, a P/E ratio of 15.33 and a beta of 0.23. The firm’s 50-day simple moving average is $69.73 and its 200 day simple moving average is $68.92.

Nathan’s Famous (NASDAQ:NATH) last announced its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $0.96 EPS for the quarter. The firm had revenue of $28.99 million during the quarter. Nathan’s Famous had a net margin of 14.15% and a negative return on equity of 55.06%.

Nathan’s Famous Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 24th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Monday, June 24th. Nathan’s Famous’s payout ratio is currently 41.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Nathan’s Famous from a “strong-buy” rating to a “buy” rating in a report on Monday, July 8th.

Nathan’s Famous Profile

Nathan's Famous, Inc, together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels.