Dana Cohen’s Rutabaga Capital Boosted in $JAX

Dana Cohen’s Rutabaga Capital boosted its passive stake in J. Alexander’s Corporation (JAX) to 10.17%. Rutabaga Capital reported 609,728 shares in its 13G on October 20th, up from its 209,721 shares position in the second quarter. This is the only transaction between Rutabaga Capital and JAX in the third quarter. JAX had a good path in the first half of 2011. The stock experienced large fluctuation in August, and now it’s wavering with large price volatility and small trading volume. JAX is now priced at $5.82.

According to Insider Monkey’s hedge fund tracking list, except Rutabaga Capital, Jim Simons’ Renaissance Technologies was the only hedge fund that had JAX in its portfolio. The firm had about 58 thousand shares, up by 1% from Q1.

RENAISSANCE TECHNOLOGIES

Rutabaga Capital Management Inc. is a private money manager located in Boston, MA.  Based on a value discipline, the management team mainly seeks unloved, underfollowed companies in run-of-the-mill businesses that are experiencing difficult conditions.  The managers are big believers in the regression to the mean concept, and they searches out small companies whose margins have temporarily deteriorated for reasons.

J. Alexander’s Corporation is a full-service, casual dining restaurant company located in Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Michigan, Ohio, Tennessee and Texas. The company through its 33 restaurants offers a traditional American menu that features prime rib of beef; hardwood-grilled steaks, seafood and chicken, pasta, salads and soups, assorted sandwiches, appetizers and desserts, and a full-service bar. The company’s alcoholic beverage sales accounted for 17.3% of its net sales in 2010. The company was founded in 1970 and is based in Nashville, Tennessee.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!