Nathan’s Famous, Inc. (NASDAQ:NATH) Stock Position Boosted by Crawford Fund Management LLC

Crawford Fund Management LLC raised its stake in Nathan’s Famous, Inc. (NASDAQ:NATH) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,660 shares of the restaurant operator’s stock after purchasing an additional 10,350 shares during the period. Nathan’s Famous accounts for approximately 1.7% of Crawford Fund Management LLC’s investment portfolio, making the stock its 6th largest holding. Crawford Fund Management LLC’s holdings in Nathan’s Famous were worth $7,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Nathan’s Famous in the second quarter worth about $32,000. GSA Capital Partners LLP acquired a new stake in Nathan’s Famous in the third quarter worth about $309,000. Seizert Capital Partners LLC boosted its holdings 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 worth $374,000 after acquiring an additional 821 shares in the last quarter. Amica Mutual Insurance Co. acquired a new stake in Nathan’s Famous in the second quarter worth about $407,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Nathan’s Famous during the second quarter worth about $813,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

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

Nathan’s Famous Trading Down 1.4 %

Shares of NATH stock opened at $87.08 on Friday. The stock has a 50 day moving average of $84.40 and a 200 day moving average of $76.29. The stock has a market cap of $355.29 million, a P/E ratio of 16.31 and a beta of 0.21. Nathan’s Famous, Inc. has a twelve month low of $63.01 and a twelve month high of $94.97.

Nathan’s Famous Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, November 25th. Nathan’s Famous’s dividend payout ratio (DPR) is presently 37.45%.

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.