Nathan’s Famous, Inc. (NASDAQ:NATH) Shares Acquired by Rhumbline Advisers


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Rhumbline Advisers boosted its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,833 shares of the restaurant operator’s stock after buying an additional 564 shares during the quarter. Rhumbline Advisers’ holdings in Nathan’s Famous were worth $267,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NATH. Gabelli Funds LLC grew its stake in Nathan’s Famous by 5,770.4% in the fourth quarter. Gabelli Funds LLC now owns 158,500 shares of the restaurant operator’s stock worth $8,752,000 after purchasing an additional 155,800 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Nathan’s Famous in the 4th quarter worth approximately $473,000. Morgan Stanley increased its position in shares of Nathan’s Famous by 230.3% during the 3rd quarter. Morgan Stanley now owns 11,394 shares of the restaurant operator’s stock valued at $584,000 after purchasing an additional 7,944 shares during the period. K.J. Harrison & Partners Inc acquired a new position in Nathan’s Famous during the fourth quarter worth about $332,000. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Nathan’s Famous by 2.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 238,441 shares of the restaurant operator’s stock worth $13,167,000 after purchasing an additional 5,532 shares in the last quarter. Institutional investors and hedge funds own 39.93% of the company’s stock.

Shares of NATH opened at $65.00 on Thursday. Nathan’s Famous, Inc. has a one year low of $49.38 and a one year high of $73.27. The stock has a market cap of $267.48 million, a price-to-earnings ratio of 22.34 and a beta of 0.31. The company has a 50-day moving average of $65.22 and a two-hundred day moving average of $58.26.

Nathan’s Famous (NASDAQ:NATH) last issued its earnings results on Friday, February 5th. The restaurant operator reported $0.33 EPS for the quarter. The firm had revenue of $18.03 million for the quarter. Nathan’s Famous had a negative return on equity of 18.63% and a net margin of 14.60%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 5th. Stockholders of record on Monday, February 22nd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, February 19th.

Nathan’s Famous Company 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.

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Institutional Ownership by Quarter for Nathan`s Famous (NASDAQ:NATH)

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