North Star Investment Management Corp. Sells 9,000 Shares of Nathan's Famous, Inc. (NASDAQ:NATH)

North Star Investment Management Corp. decreased its holdings in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 55.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,370 shares of the restaurant operator's stock after selling 9,000 shares during the quarter. North Star Investment Management Corp. owned approximately 0.18% of Nathan's Famous worth $710,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NATH. Exchange Traded Concepts LLC bought a new position in shares of Nathan's Famous in the first quarter valued at about $257,000. Ritholtz Wealth Management acquired a new stake in Nathan's Famous in the 1st quarter valued at about $363,000. SG Americas Securities LLC raised its stake in shares of Nathan's Famous by 152.4% in the first quarter. SG Americas Securities LLC now owns 3,503 shares of the restaurant operator's stock worth $338,000 after acquiring an additional 2,115 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Nathan's Famous by 18.6% in the first quarter. Annex Advisory Services LLC now owns 21,284 shares of the restaurant operator's stock worth $2,051,000 after acquiring an additional 3,331 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Nathan's Famous by 6.8% during the first quarter. Rhumbline Advisers now owns 4,171 shares of the restaurant operator's stock worth $402,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Nathan's Famous from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th.

Nathan's Famous Price Performance

Shares of NATH stock traded down $1.33 on Thursday, reaching $109.75. 65,804 shares of the stock were exchanged, compared to its average volume of 15,347. Nathan's Famous, Inc. has a one year low of $67.44 and a one year high of $118.50. The stock has a market cap of $448.88 million, a PE ratio of 18.70 and a beta of 0.35. The stock has a 50 day moving average price of $101.93 and a 200 day moving average price of $92.88.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $1.03 EPS for the quarter. The firm had revenue of $30.79 million during the quarter. Nathan's Famous had a negative return on equity of 116.79% and a net margin of 16.21%.

Nathan's Famous Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 23rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, June 23rd. Nathan's Famous's dividend payout ratio is 34.07%.

About Nathan's Famous

Nathan's Famous, Inc engages in the operation of franchised fast-food units. It is involved in the licensing, wholesaling, and retailing of products marketed under the Nathan's Famous brand. The firm operates through the following business segments: Branded Product Program, Product Licensing, Restaurant Operations, and Corporate.