1492 Capital Management LLC Acquires 81,393 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK)

1492 Capital Management LLC grew its position in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) by 248.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,102 shares of the company's stock after acquiring an additional 81,393 shares during the quarter. 1492 Capital Management LLC owned 0.34% of GEN Restaurant Group worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of GENK. Wealthedge Investment Advisors LLC purchased a new position in GEN Restaurant Group during the 4th quarter worth $143,000. Northern Trust Corp increased its position in shares of GEN Restaurant Group by 68.3% during the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company's stock valued at $188,000 after purchasing an additional 10,176 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of GEN Restaurant Group by 235.8% during the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company's stock valued at $407,000 after purchasing an additional 38,200 shares during the last quarter. Diametric Capital LP increased its position in shares of GEN Restaurant Group by 163.7% during the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company's stock valued at $508,000 after purchasing an additional 42,175 shares during the last quarter. Finally, Skylands Capital LLC increased its position in shares of GEN Restaurant Group by 9.1% during the 1st quarter. Skylands Capital LLC now owns 266,176 shares of the company's stock valued at $1,469,000 after purchasing an additional 22,184 shares during the last quarter. 10.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark lowered their price objective on shares of GEN Restaurant Group from $11.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th.

Insiders Place Their Bets

In other news, Director Michael Cowan acquired 30,000 shares of GEN Restaurant Group stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average price of $3.30 per share, with a total value of $99,000.00. Following the completion of the purchase, the director owned 34,167 shares in the company, valued at approximately $112,751.10. The trade was a 719.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 59.10% of the stock is owned by insiders.

GEN Restaurant Group Stock Performance

GENK stock traded down $0.07 during mid-day trading on Friday, hitting $4.13. The company had a trading volume of 51,443 shares, compared to its average volume of 61,859. The firm has a market cap of $136.87 million, a PE ratio of -137.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.61 and a current ratio of 0.64. GEN Restaurant Group, Inc. has a 12 month low of $3.16 and a 12 month high of $10.33. The stock's fifty day moving average price is $3.86 and its two-hundred day moving average price is $4.92.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.04 earnings per share for the quarter. GEN Restaurant Group had a positive return on equity of 0.95% and a negative net margin of 0.09%. The company had revenue of $57.34 million during the quarter, compared to analyst estimates of $61.09 million. On average, analysts forecast that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

GEN Restaurant Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, June 9th.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.