Crawford Fund Management LLC Has $7.90 Million Stock Position in Nathan's Famous, Inc. (NASDAQ:NATH)

Crawford Fund Management LLC increased its holdings in Nathan's Famous, Inc. (NASDAQ:NATH - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,660 shares of the restaurant operator's stock after acquiring an additional 10,350 shares during the period. Nathan's Famous comprises about 1.7% of Crawford Fund Management LLC's holdings, making the stock its 6th largest holding. Crawford Fund Management LLC owned approximately 2.39% of Nathan's Famous worth $7,901,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NATH. Gladius Capital Management LP purchased a new stake in shares of Nathan's Famous during the 2nd quarter worth about $32,000. GSA Capital Partners LLP acquired a new position in shares of Nathan's Famous during the 3rd quarter valued at about $309,000. Seizert Capital Partners LLC increased its holdings in shares of Nathan's Famous by 21.6% during the 3rd quarter. Seizert Capital Partners LLC now owns 4,624 shares of the restaurant operator's stock valued at $374,000 after acquiring an additional 821 shares during the last quarter. Amica Mutual Insurance Co. acquired a new position in shares of Nathan's Famous during the 2nd quarter valued at about $407,000. Finally, AE Wealth Management LLC acquired a new position in shares of Nathan's Famous during the 2nd quarter valued at about $813,000. 66.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Up 0.5 %

NATH traded up $0.42 during midday trading on Friday, reaching $87.50. The company's stock had a trading volume of 14,338 shares, compared to its average volume of 7,237. Nathan's Famous, Inc. has a twelve month low of $63.01 and a twelve month high of $94.97. The stock has a market cap of $357 million, a P/E ratio of 16.31 and a beta of 0.21. The company has a fifty day simple moving average of $84.40 and a 200 day simple moving average of $76.29.

Nathan's Famous Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, November 25th. Nathan's Famous's payout ratio is presently 37.45%.

About Nathan's Famous

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.