Ellsworth Advisors LLC Takes Position in Nathan’s Famous, Inc. (NASDAQ:NATH)

Ellsworth Advisors LLC acquired a new stake in shares of Nathan’s Famous, Inc. (NASDAQ:NATH) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,499 shares of the restaurant operator’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GSA Capital Partners LLP bought a new stake in Nathan’s Famous in the third quarter valued at $309,000. Barclays PLC grew its position in Nathan’s Famous by 271.3% in the third quarter. Barclays PLC now owns 4,084 shares of the restaurant operator’s stock valued at $330,000 after acquiring an additional 2,984 shares during the period. Seizert Capital Partners LLC grew its position in Nathan’s Famous by 21.6% in the third quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator’s stock valued at $374,000 after acquiring an additional 821 shares during the period. JPMorgan Chase & Co. grew its position in Nathan’s Famous by 125.5% in the third quarter. JPMorgan Chase & Co. now owns 4,744 shares of the restaurant operator’s stock valued at $384,000 after acquiring an additional 2,640 shares during the period. Finally, AE Wealth Management LLC bought a new stake in Nathan’s Famous in the second quarter valued at $813,000. 66.54% of the stock is currently owned by institutional investors.

Nathan’s Famous Price Performance

Shares of NASDAQ:NATH opened at $78.08 on Tuesday. The business’s fifty day moving average price is $82.52 and its two-hundred day moving average price is $79.67. The stock has a market capitalization of $318.57 million, a price-to-earnings ratio of 14.62 and a beta of 0.25. Nathan’s Famous, Inc. has a fifty-two week low of $63.01 and a fifty-two week high of $94.97.

Nathan’s Famous Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, November 25th. Nathan’s Famous’s payout ratio is presently 37.45%.

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.