Waratah Capital Advisors Ltd. Lowers Position in Nathan’s Famous, Inc. (NASDAQ:NATH)
Waratah Capital Advisors Ltd. lessened its stake in Nathan’s Famous, Inc. (NASDAQ:NATH) by 44.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,647 shares of the restaurant operator’s stock after selling 24,403 shares during the quarter. Waratah Capital Advisors Ltd. owned approximately 0.73% of Nathan’s Famous worth $2,394,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Sawtooth Solutions LLC acquired a new stake in Nathan’s Famous during the first quarter valued at $1,026,000. Martingale Asset Management L P lifted its holdings in Nathan’s Famous by 18.7% during the 1st quarter. Martingale Asset Management L P now owns 20,964 shares of the restaurant operator’s stock worth $1,434,000 after buying an additional 3,300 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in Nathan’s Famous during the 1st quarter worth $216,000. BNP Paribas Arbitrage SA lifted its stake in shares of Nathan’s Famous by 59,700.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 598 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 597 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in shares of Nathan’s Famous by 11.1% in the 1st quarter. Confluence Investment Management LLC now owns 24,701 shares of the restaurant operator’s stock valued at $1,689,000 after purchasing an additional 2,476 shares during the period. 41.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NATH stock traded up $0.07 during trading hours on Monday, reaching $72.11. The company had a trading volume of 7 shares, compared to its average volume of 3,912. The firm’s 50 day simple moving average is $72.57. The firm has a market capitalization of $303.34 million, a price-to-earnings ratio of 22.37 and a beta of 0.27. Nathan’s Famous, Inc. has a 1-year low of $62.20 and a 1-year high of $102.50.
Separately, BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th.
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.
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