Jane Street Group LLC Has $229,000 Stake in Nathan’s Famous, Inc. (NASDAQ:NATH)

Jane Street Group LLC trimmed its stake in Nathan’s Famous, Inc. (NASDAQ:NATH) by 26.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,825 shares of the restaurant operator’s stock after selling 1,035 shares during the period. Jane Street Group LLC’s holdings in Nathan’s Famous were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NATH. GSA Capital Partners LLP acquired a new stake in Nathan’s Famous in the third quarter valued at $309,000. Seizert Capital Partners LLC grew its holdings in Nathan’s Famous by 21.6% during the 3rd 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 during the period. AE Wealth Management LLC acquired a new stake in Nathan’s Famous during the 2nd quarter worth about $813,000. Janney Montgomery Scott LLC grew its holdings in Nathan’s Famous by 2.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,234 shares of the restaurant operator’s stock worth $909,000 after acquiring an additional 310 shares during the period. Finally, Annex Advisory Services LLC grew its holdings in Nathan’s Famous by 15.4% during the 3rd quarter. Annex Advisory Services LLC now owns 14,732 shares of the restaurant operator’s stock worth $1,192,000 after acquiring an additional 1,961 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Nathan’s Famous Trading Down 0.7 %

Shares of Nathan’s Famous stock opened at $76.79 on Friday. The business has a 50-day moving average price of $83.76 and a two-hundred day moving average price of $79.22. Nathan’s Famous, Inc. has a 1-year low of $63.01 and a 1-year high of $94.97. The company has a market cap of $313.69 million, a P/E ratio of 14.38 and a beta of 0.25.

Nathan’s Famous Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.00 dividend on an annualized basis and a yield of 2.60%. Nathan’s Famous’s payout ratio is currently 37.45%.

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.