Quadrature Capital Ltd acquired a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH – Free Report) during the fourth quarter, the company said in its most recent filing with the Securities & Exchange Commission. The fund bought 6,661 shares of the restaurant operator’s stock valued at approximately $525,000. Quadrature Capital Ltd owned 0.16% of Nathan’s Famous at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently changed their holdings in NATH. Cullen Investment Group LTD. acquired a new stake in Nathan’s Famous in the fourth quarter valued at about $850,000. Annex Advisory Services LLC increased its stake in Nathan’s Famous by 47.8% in the fourth quarter. Annex Advisory Services LLC now owns 10,690 shares of the restaurant operator’s stock valued at $834,000 after acquiring an additional 3,459 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Nathan’s Famous by 32.4% in the third quarter. Janney Montgomery Scott LLC now owns 8,193 shares of the restaurant operator’s stock valued at $579,000 after acquiring an additional 2,003 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Nathan’s Famous in the fourth quarter valued at about $104,000. Finally, Corsair Capital Management LP increased its stake in Nathan’s Famous by 14.5% in the fourth quarter. Corsair Capital Management LP now owns 7,890 shares of the restaurant operator’s stock worth $615,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.
Upgrades and downgrades by analysts
Separately, StockNews.com upgraded its rating on shares of Nathan’s Famous from “buy” to “strong buy” in a research note on Tuesday, June 18.
Get our latest research report on NATH
Nathan’s famous stock performance
NASDAQ NATH shares opened at $68.20 on Friday. The company’s 50-day moving average price is $67.52 and its 200-day moving average price is $69.61. The company has a market cap of $278.60 million, a P/E ratio of 14.18 and a beta of 0.28. Nathan’s Famous, Inc. has a 52-week low of $61.35 and a 52-week high of $82.00.
Nathan’s Famous announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2. Shareholders of record on Monday, June 24th will receive a dividend of $0.50. The ex-dividend date of this dividend is Monday, June 24th. This represents an annualized dividend of $2.00 and a dividend yield of 2.93%. Nathan’s Famous’s dividend payout ratio is currently 41.58%.
Nathan’s famous profile
(Free report)
Nathan’s Famous, Inc., together with its subsidiaries, is engaged in the food service business. The Company owns and franchises restaurants under the Nathan’s Famous brand name and sells products bearing the Nathan’s Famous brands through various distribution channels. It also has licensing agreements for the manufacture, distribution, marketing and sale of Nathan’s Famous branded hot dogs, sausages and corned beef products in refrigerated consumer packages for resale through retail channels, such as supermarkets, grocery stores, mass merchandisers and club stores, and other Nathan’s Famous branded refrigerated meat products in consumer packages for resale through retail channels.
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