Amica Mutual Insurance Co. Invests $407,000 in Nathan’s Famous, Inc. (NASDAQ:NATH)

Amica Mutual Insurance Co. purchased a new stake in Nathan’s Famous, Inc. (NASDAQ:NATH) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 6,000 shares of the restaurant operator’s stock, valued at approximately $407,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new stake in shares of Nathan’s Famous in the fourth quarter valued at $104,000. Quadrature Capital Ltd acquired a new stake in Nathan’s Famous in the 4th quarter worth $525,000. BNP Paribas Financial Markets lifted its position in shares of Nathan’s Famous by 5.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,546 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 230 shares during the period. Janney Montgomery Scott LLC raised its position in Nathan’s Famous by 17.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,651 shares of the restaurant operator’s stock worth $753,000 after purchasing an additional 1,458 shares in the last quarter. Finally, Corsair Capital Management L.P. boosted its position in Nathan’s Famous by 14.5% in the fourth quarter. Corsair Capital Management L.P. now owns 7,890 shares of the restaurant operator’s stock valued at $615,000 after buying an additional 1,000 shares in the last quarter. 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 1.5 %

Shares of NASDAQ NATH traded down $1.21 during mid-day trading on Monday, hitting $77.32. The company had a trading volume of 14,908 shares, compared to its average volume of 5,837. The firm has a 50-day simple moving average of $71.37 and a two-hundred day simple moving average of $69.22. The company has a market capitalization of $315.85 million, a PE ratio of 16.33 and a beta of 0.23. Nathan’s Famous, Inc. has a one year low of $61.35 and a one year high of $79.75.

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

Nathan’s Famous Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Monday, August 26th. Nathan’s Famous’s payout ratio is presently 41.58%.

Nathan’s Famous 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.