GAMMA Investing LLC Takes Position in National Beverage Corp. (NASDAQ:FIZZ)

GAMMA Investing LLC bought a new stake in National Beverage Corp. (NASDAQ:FIZZ) in the 4th quarter, Holdings Channel.com reports. The firm bought 729 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of National Beverage by 77.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 99,399 shares of the company’s stock worth $4,942,000 after buying an additional 43,349 shares during the period. Qube Research & Technologies Ltd increased its holdings in National Beverage by 59.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 117,144 shares of the company’s stock valued at $5,508,000 after purchasing an additional 43,864 shares in the last quarter. Lido Advisors LLC acquired a new stake in National Beverage in the 3rd quarter valued at $462,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Beverage by 43.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,248 shares of the company’s stock valued at $200,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of National Beverage by 50.3% during the third quarter. Envestnet Asset Management Inc. now owns 196,288 shares of the company’s stock valued at $9,229,000 after buying an additional 65,702 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Stock Performance

NASDAQ FIZZ opened at $46.40 on Monday. National Beverage Corp. has a twelve month low of $43.14 and a twelve month high of $55.12. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 25.64 and a beta of 0.87. The firm’s 50 day moving average price is $47.64 and its two-hundred day moving average price is $48.23.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.42 EPS for the quarter. National Beverage had a net margin of 14.34% and a return on equity of 38.23%. The business had revenue of $270.07 million for the quarter.

Insider Activity at National Beverage

In related news, Director Cecil D. Conlee sold 12,000 shares of National Beverage stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $47.94, for a total value of $575,280.00. Following the completion of the sale, the director now owns 60,480 shares of the company’s stock, valued at approximately $2,899,411.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 75.00% of the stock is owned by company insiders.

National Beverage Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.