Skylands Capital LLC Sells 18,127 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK)

Skylands Capital LLC reduced its holdings in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 64.0% in the fourth quarter, HoldingsChannel reports. The fund owned 10,200 shares of the company’s stock after selling 18,127 shares during the period. Skylands Capital LLC’s holdings in GEN Restaurant Group were worth $80,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC bought a new stake in GEN Restaurant Group in the 3rd quarter worth about $68,000. Valmark Advisers Inc. purchased a new position in shares of GEN Restaurant Group during the third quarter valued at approximately $257,000. AWM Investment Company Inc. lifted its position in GEN Restaurant Group by 26.4% during the third quarter. AWM Investment Company Inc. now owns 379,299 shares of the company’s stock valued at $4,415,000 after purchasing an additional 79,299 shares during the period. Finally, FMR LLC purchased a new stake in GEN Restaurant Group in the third quarter worth approximately $4,984,000. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Insider Activity

In other GEN Restaurant Group news, CEO David Wook Jin Kim purchased 6,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $8.05 per share, for a total transaction of $48,300.00. Following the purchase, the chief executive officer now owns 130,093 shares of the company’s stock, valued at approximately $1,047,248.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David Wook Jin Kim acquired 6,000 shares of GEN Restaurant Group stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $8.05 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the chief executive officer now directly owns 130,093 shares in the company, valued at approximately $1,047,248.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Jose Manzanarez bought 48,142 shares of the stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $6.03 per share, for a total transaction of $290,296.26. Following the acquisition, the insider now directly owns 115,593 shares of the company’s stock, valued at approximately $697,025.79. The disclosure for this purchase can be found here. Insiders have bought 59,039 shares of company stock worth $371,611 in the last three months.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GENK shares. Benchmark dropped their price target on GEN Restaurant Group from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. Roth Mkm cut their price target on GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, March 4th.

GEN Restaurant Group Price Performance

Shares of NASDAQ:GENK traded down $0.09 during midday trading on Tuesday, hitting $10.07. The company had a trading volume of 3,703 shares, compared to its average volume of 77,451. GEN Restaurant Group, Inc. has a 12-month low of $5.61 and a 12-month high of $20.50. The company has a fifty day moving average of $9.20 and a two-hundred day moving average of $8.49. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). The company had revenue of $45.11 million during the quarter, compared to analysts’ expectations of $44.20 million. GEN Restaurant Group had a return on equity of 20.27% and a net margin of 2.46%. As a group, analysts anticipate that GEN Restaurant Group, Inc. will post 0.1 earnings per share for the current year.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.