6,000 Shares in Nathan’s Famous, Inc. (NASDAQ:NATH) Acquired by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. acquired a new stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the restaurant operator’s stock, valued at approximately $407,000. Amica Mutual Insurance Co. owned approximately 0.15% of Nathan’s Famous as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NATH. Tower Research Capital LLC TRC lifted its position in Nathan’s Famous by 102.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 336 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 170 shares during the period. Gladius Capital Management LP bought a new position in shares of Nathan’s Famous in the second quarter valued at about $32,000. Victory Capital Management Inc. bought a new stake in shares of Nathan’s Famous during the 4th quarter worth about $104,000. BNP Paribas Financial Markets increased its stake in shares of Nathan’s Famous by 13.0% during the fourth quarter. BNP Paribas Financial Markets now owns 4,316 shares of the restaurant operator’s stock worth $337,000 after purchasing an additional 498 shares during the period. Finally, Meixler Investment Management Ltd. acquired a new position in shares of Nathan’s Famous in the 1st quarter valued at approximately $322,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Nathan’s Famous Stock Down 1.5 %

Shares of NATH stock traded down $1.21 during mid-day trading on Monday, reaching $77.32. 14,908 shares of the company’s stock traded hands, compared to its average volume of 5,837. Nathan’s Famous, Inc. has a 12 month low of $61.35 and a 12 month high of $79.75. The company has a market cap of $315.85 million, a P/E ratio of 16.33 and a beta of 0.23. The company’s 50-day moving average price is $71.37 and its 200-day moving average price is $69.22.

Nathan’s Famous (NASDAQ:NATH) last issued its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $0.96 EPS for the quarter. Nathan’s Famous had a negative return on equity of 55.06% and a net margin of 14.15%. The firm had revenue of $28.99 million for the quarter.

Nathan’s Famous Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. Nathan’s Famous’s dividend payout ratio is currently 41.58%.

Analysts Set New Price Targets

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

Nathan’s Famous Company 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.