GSA Capital Partners LLP Invests $309,000 in Nathan’s Famous, Inc. (NASDAQ:NATH)

GSA Capital Partners LLP acquired a new position in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) during the 3rd quarter, Holdings Channel reports. The firm acquired 3,816 shares of the restaurant operator’s stock, valued at approximately $309,000.

Several other institutional investors also recently modified their holdings of NATH. Vanguard Group Inc. increased its stake in shares of Nathan’s Famous by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 118,185 shares of the restaurant operator’s stock worth $8,367,000 after purchasing an additional 1,128 shares during the last quarter. Annex Advisory Services LLC increased its stake in shares of Nathan’s Famous by 7.4% during the 2nd quarter. Annex Advisory Services LLC now owns 12,771 shares of the restaurant operator’s stock worth $866,000 after purchasing an additional 878 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Nathan’s Famous during the 2nd quarter worth about $32,000. Amica Mutual Insurance Co. acquired a new position in Nathan’s Famous in the 2nd quarter valued at about $407,000. Finally, Bank of New York Mellon Corp grew its stake in Nathan’s Famous by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,290 shares of the restaurant operator’s stock valued at $2,189,000 after buying an additional 430 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

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 Stock Performance

Shares of NATH opened at $84.05 on Friday. Nathan’s Famous, Inc. has a 52 week low of $63.01 and a 52 week high of $94.97. The firm has a market cap of $343.32 million, a P/E ratio of 15.74 and a beta of 0.21. The firm’s 50-day simple moving average is $83.76 and its 200 day simple moving average is $75.62.

Nathan’s Famous Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 dividend on an annualized basis and a yield of 2.38%. Nathan’s Famous’s dividend payout ratio (DPR) is currently 37.45%.

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.