Voya Investment Management LLC Purchases Shares of 4,822 Nathan's Famous, Inc. $NATH

Key Points

• Voya Investment Management LLC acquired 4,822 shares of Nathan's Famous, Inc. for approximately $465,000, holding 0.12% of the company's stock as of its latest filing.
• Nathan's Famous recently declared a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 with a yield of 1.8%.
• The company's stock has a market cap of $445.85 million and has seen a significant increase in institutional ownership, with over 66.54% of shares held by institutional investors.

Voya Investment Management LLC purchased a new stake in shares of Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,822 shares of the restaurant operator's stock, valued at approximately $465,000. Voya Investment Management LLC owned 0.12% of Nathan's Famous as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of Nathan's Famous in the first quarter worth about $48,000. CWM LLC raised its stake in Nathan's Famous by 34.1% during the 1st quarter. CWM LLC now owns 822 shares of the restaurant operator's stock valued at $79,000 after purchasing an additional 209 shares during the period. Deutsche Bank AG raised its stake in Nathan's Famous by 2,558.9% during the 1st quarter. Deutsche Bank AG now owns 1,489 shares of the restaurant operator's stock valued at $144,000 after purchasing an additional 1,433 shares during the period. GAMMA Investing LLC raised its stake in Nathan's Famous by 9,031.6% during the 1st quarter. GAMMA Investing LLC now owns 1,735 shares of the restaurant operator's stock valued at $167,000 after purchasing an additional 1,716 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Nathan's Famous during the 1st quarter valued at approximately $183,000. Institutional investors own 66.54% of the company's stock.

Nathan's Famous Trading Up 2.1%

Shares of Nathan's Famous stock opened at $109.01 on Friday. The stock has a 50 day moving average of $103.31 and a 200 day moving average of $102.28. Nathan's Famous, Inc. has a 12 month low of $75.14 and a 12 month high of $118.50. The firm has a market cap of $445.85 million, a PE ratio of 18.93 and a beta of 0.39.

Nathan's Famous (NASDAQ:NATH - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The restaurant operator reported $2.16 EPS for the quarter. Nathan's Famous had a negative return on equity of 143.21% and a net margin of 15.74%.The company had revenue of $47.00 million during the quarter.

Nathan's Famous Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 25th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. Nathan's Famous's dividend payout ratio is presently 34.72%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Nathan's Famous from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th.

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.

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