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

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

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!