Waratah Capital Advisors Ltd. Sells 5,576 Shares of Nathan’s Famous, Inc. (NATH)

Waratah Capital Advisors Ltd. lowered its position in Nathan’s Famous, Inc. (NASDAQ:NATH) by 9.2% during the first quarter, Holdings Channel reports. The institutional investor owned 55,050 shares of the restaurant operator’s stock after selling 5,576 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Nathan’s Famous were worth $3,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NATH. BlackRock Inc. boosted its position in Nathan’s Famous by 1.3% in the 3rd quarter. BlackRock Inc. now owns 160,595 shares of the restaurant operator’s stock worth $13,233,000 after purchasing an additional 1,984 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Nathan’s Famous by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 217,803 shares of the restaurant operator’s stock worth $17,947,000 after purchasing an additional 3,422 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Nathan’s Famous by 1.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 245,432 shares of the restaurant operator’s stock worth $16,309,000 after purchasing an additional 3,300 shares in the last quarter. Gabelli Funds LLC boosted its position in Nathan’s Famous by 15.0% in the 4th quarter. Gabelli Funds LLC now owns 2,300 shares of the restaurant operator’s stock worth $153,000 after purchasing an additional 300 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Nathan’s Famous by 50.3% in the 4th quarter. Rhumbline Advisers now owns 3,730 shares of the restaurant operator’s stock worth $248,000 after purchasing an additional 1,249 shares in the last quarter. Hedge funds and other institutional investors own 41.97% of the company’s stock.

Nathan’s Famous stock traded up $0.43 during mid-day trading on Wednesday, hitting $67.81. The company had a trading volume of 1,662 shares, compared to its average volume of 2,889. Nathan’s Famous, Inc. has a 12-month low of $62.20 and a 12-month high of $107.05. The firm has a market cap of $281.75 million, a PE ratio of 23.18 and a beta of 0.14.

Separately, BidaskClub lowered Nathan’s Famous from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 12th.

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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.

See Also: Diversification in Investing

Want to see what other hedge funds are holding NATH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nathan’s Famous, Inc. (NASDAQ:NATH).

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

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