Mario Gabelli, GAMCO Are Bullish on Nathan’s Famous, Inc. (NATH)

Mario Gabelli, and his fund GAMCO Investors have upped their stake in Nathan's Famous, Inc. (NASDAQ:NATH) recently. Mr. Gabelli, via its funds revealed ownership of 592,600 shares, which represent 13.26% of the company's common stock. The holding has a value of almost $29.8 million, at the current stock price of the company.

Mario Gabelli

Out of the aggregate amount, GAMCO is deemed to own 226,254 shares of Nathan's Famous, Inc. (NASDAQ:NATH), which represent a significant increase from 197,350 shares disclosed by the fund in its latest 13F. GAMCO's shares account for 5.06% of the common stock. Gabelli Funds and Teton Advisors hold around 155,000 shares, and 210,800 shares respectively. The stock of the restaurant chain operator Nathan's Famous, Inc. (NASDAQ:NATH) has increased by almost 50% since the beginning of the year, trailing a P/E close to 27. For the previous quarter, the company posted a net income of $2.7 million, slightly down from $2.9 million a year ago. EPS also declined to $0.57, from $0.62. However, the revenues of Nathan's Famous, Inc. (NASDAQ:NATH) went up by almost 11% on the year, and amounted to $23.7 million. In the latest round of 13F filings, three hedge funds out of those we track revealed long positions in Nathan's Famous, Inc. (NASDAQ:NATH), including GAMCO. Warren Lichtenstein's Steel Partners disclosed holding 445,500 shares, worth $23.5 million, while Renaissance Technologies, managed by Jim Simons has increased its stake by 21% brining the holding to a total of 88,500 shares, with a reported value of $4.7 million. Mario Gabelli has been very active disclosing moves in several companies from its equity portfolio. As follows, a couple of days ago, Mr. Gabelli revealed holding 6.3 million shares of Belo Corp (NYSE:BLC), from 5.2 million shares owned previously. He also disclosed an 8.27% position in Dover Motorsports, Inc. (NYSE:DVD), as well as a 7.1% stake in Mueller Industries, Inc. (NYSE:MLI). Disclosure: none Recommended Reading: American International Group Inc (AIG), Citigroup Inc (C) Among 5 Financial Stocks That Hedge Funds Love Carl Icahn Is Bullish on Nuance Communications Inc. (NUAN) & Increases Stake to 18.7% Steven Cohen, SAC Capital Add To Their Stake in The Fresh Market Inc (TFM)
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 30 percentage points in 13 months Learn how!

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!