National Beverage Corp. (NASDAQ:FIZZ) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 5,268.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,572 shares of the company's stock after buying an additional 83,978 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of National Beverage worth $3,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd grew its position in shares of National Beverage by 14.3% during the 4th quarter. Covestor Ltd now owns 2,994 shares of the company's stock worth $128,000 after buying an additional 375 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of National Beverage by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after buying an additional 415 shares in the last quarter. Cetera Investment Advisers grew its position in shares of National Beverage by 8.1% during the 4th quarter. Cetera Investment Advisers now owns 5,661 shares of the company's stock worth $242,000 after buying an additional 425 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in National Beverage by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,353 shares of the company's stock valued at $570,000 after purchasing an additional 451 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in National Beverage by 5.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 12,916 shares of the company's stock valued at $551,000 after purchasing an additional 663 shares in the last quarter. Institutional investors own 23.95% of the company's stock.

National Beverage Stock Performance

FIZZ stock traded down $0.92 during trading on Friday, reaching $44.81. 99,737 shares of the company traded hands, compared to its average volume of 187,180. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $53.48. The business has a 50 day simple moving average of $44.28 and a 200 day simple moving average of $43.24. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 22.52 and a beta of 0.84.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price objective on National Beverage from $46.00 to $41.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th.

Insiders Place Their Bets

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the sale, the director now owns 62,408 shares of the company's stock, valued at approximately $2,708,507.20. This trade represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 74.80% of the company's stock.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.