Portolan Capital Management LLC Has $2.12 Million Stock Position in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Portolan Capital Management LLC trimmed its stake in GEN Restaurant Group, Inc. (NASDAQ:GENK) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,774 shares of the company’s stock after selling 88,985 shares during the quarter. Portolan Capital Management LLC’s holdings in GEN Restaurant Group were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in GEN Restaurant Group by 5.5% during the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after acquiring an additional 2,427 shares in the last quarter. Skylands Capital LLC raised its holdings in GEN Restaurant Group by 3.4% during the fourth quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock valued at $1,825,000 after buying an additional 8,092 shares in the last quarter. Sanders Morris Harris LLC raised its holdings 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 buying an additional 27,591 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of GEN Restaurant Group by 235.8% in the fourth quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock worth $407,000 after buying an additional 38,200 shares during the last quarter. Finally, Diametric Capital LP boosted its stake in shares of GEN Restaurant Group by 163.7% during the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock worth $508,000 after acquiring an additional 42,175 shares in the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GENK. Roth Capital set a $10.00 price objective on GEN Restaurant Group in a research note on Friday, March 7th. Benchmark dropped their price target on shares of GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

GEN Restaurant Group Trading Down 0.5 %

Shares of NASDAQ:GENK opened at $4.12 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. The stock’s 50-day moving average is $5.44 and its 200-day moving average is $7.07. The company has a market cap of $136.52 million, a P/E ratio of 24.24 and a beta of 1.60. GEN Restaurant Group, Inc. has a 52-week low of $4.00 and a 52-week high of $13.12.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The business had revenue of $54.65 million during the quarter, compared to the consensus estimate of $49.77 million. Equities research analysts predict that GEN Restaurant Group, Inc. will post 0.01 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.