GSA Capital Partners LLP Acquires New Stake in Nathan’s Famous, Inc. (NASDAQ:NATH)

GSA Capital Partners LLP acquired a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,816 shares of the restaurant operator’s stock, valued at approximately $309,000. GSA Capital Partners LLP owned approximately 0.09% of Nathan’s Famous at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NATH. Gladius Capital Management LP bought a new stake in Nathan’s Famous in the 2nd quarter valued at $32,000. Amica Mutual Insurance Co. bought a new stake in Nathan’s Famous in the 2nd quarter valued at $407,000. AE Wealth Management LLC acquired a new stake in Nathan’s Famous in the 2nd quarter valued at $813,000. Annex Advisory Services LLC increased its stake in Nathan’s Famous by 7.4% in the 2nd quarter. Annex Advisory Services LLC now owns 12,771 shares of the restaurant operator’s stock valued at $866,000 after buying an additional 878 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Nathan’s Famous by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 310 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

Nathan’s Famous Trading Down 0.3 %

Shares of NATH stock opened at $84.05 on Friday. Nathan’s Famous, Inc. has a 1 year low of $63.01 and a 1 year high of $94.97. The firm’s fifty day moving average price is $83.76 and its two-hundred day moving average price is $75.62. The firm has a market capitalization of $343.32 million, a P/E ratio of 15.74 and a beta of 0.21.

Nathan’s Famous Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.00 annualized dividend and a yield of 2.38%. Nathan’s Famous’s payout ratio is currently 37.45%.

About Nathan’s Famous

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.