Seizert Capital Partners LLC Decreases Position in Nathan’s Famous, Inc. (NASDAQ:NATH)

Seizert Capital Partners LLC trimmed its holdings in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,490 shares of the restaurant operator’s stock after selling 134 shares during the quarter. Seizert Capital Partners LLC owned 0.11% of Nathan’s Famous worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Nathan’s Famous in the fourth quarter worth $109,000. GSA Capital Partners LLP acquired a new position in shares of Nathan’s Famous in the 3rd quarter valued at $309,000. Barclays PLC raised its stake in Nathan’s Famous by 271.3% in the 3rd quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock worth $330,000 after acquiring an additional 2,984 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Nathan’s Famous by 125.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock worth $384,000 after acquiring an additional 2,640 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Nathan’s Famous during the 4th quarter valued at about $397,000. 66.54% of the stock is owned by institutional investors and hedge funds.

Nathan’s Famous Trading Down 1.4 %

Shares of NASDAQ NATH opened at $97.37 on Thursday. The company has a 50 day simple moving average of $86.36 and a two-hundred day simple moving average of $83.86. The stock has a market cap of $398.15 million, a price-to-earnings ratio of 16.79 and a beta of 0.15. Nathan’s Famous, Inc. has a 12 month low of $64.02 and a 12 month high of $104.96.

Nathan’s Famous (NASDAQ:NATH) last posted its earnings results on Thursday, February 6th. The restaurant operator reported $1.10 earnings per share (EPS) for the quarter. Nathan’s Famous had a net margin of 16.19% and a negative return on equity of 96.05%.

Nathan’s Famous Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.05%. Nathan’s Famous’s payout ratio is 34.48%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Nathan’s Famous from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Nathan’s Famous Profile

Nathan’s Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan’s Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.