GEN Restaurant Group, Inc. (NASDAQ:GENK) Shares Bought by Skylands Capital LLC

Skylands Capital LLC raised its position in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,992 shares of the company’s stock after purchasing an additional 8,092 shares during the period. Skylands Capital LLC owned 0.74% of GEN Restaurant Group worth $1,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of GEN Restaurant Group by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after purchasing an additional 2,427 shares during the period. Bard Associates Inc. grew its position in GEN Restaurant Group by 1.7% during the third quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock valued at $1,483,000 after purchasing an additional 2,956 shares in the last quarter. Sanders Morris Harris LLC boosted its position in GEN Restaurant Group by 14.3% during the fourth quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock valued at $1,628,000 after purchasing an additional 27,591 shares during the last quarter. Portolan Capital Management LLC lifted its stake in GEN Restaurant Group by 1.8% in the third quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock valued at $3,146,000 after acquiring an additional 6,641 shares during the last quarter. Finally, Wasatch Advisors LP lifted its position in shares of GEN Restaurant Group by 72.7% in the third quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock worth $7,077,000 after buying an additional 352,922 shares during the last quarter. Institutional investors own 10.22% of the company’s stock.

Insider Activity

In related news, CEO David Wook Jin Kim acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $8.09 per share, for a total transaction of $101,125.00. Following the completion of the acquisition, the chief executive officer now owns 147,593 shares of the company’s stock, valued at $1,194,027.37. This trade represents a 9.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 61.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and set a $14.00 target price on shares of GEN Restaurant Group in a research report on Monday, November 18th.

GEN Restaurant Group Stock Performance

NASDAQ:GENK opened at $5.51 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $6.80 and a 200 day moving average price of $7.90. The firm has a market capitalization of $180.73 million, a PE ratio of 32.41 and a beta of 1.89. GEN Restaurant Group, Inc. has a 12-month low of $5.26 and a 12-month high of $14.46.

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.