Cruiser Capital Advisors LLC Makes New Investment in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Cruiser Capital Advisors LLC acquired a new position in GEN Restaurant Group, Inc. (NASDAQ:GENK) in the second quarter, HoldingsChannel.com reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $340,000. GEN Restaurant Group comprises 0.3% of Cruiser Capital Advisors LLC’s portfolio, making the stock its 25th biggest position.

A number of other large investors have also modified their holdings of GENK. Wasatch Advisors LP acquired a new position in GEN Restaurant Group in the 2nd quarter worth about $6,987,000. Russell Investments Group Ltd. acquired a new position in shares of GEN Restaurant Group during the 2nd quarter worth approximately $619,000. Finally, Skylands Capital LLC acquired a new position in GEN Restaurant Group during the second quarter worth $850,000.

Analysts Set New Price Targets

GENK has been the subject of a number of research analyst reports. Roth Mkm initiated coverage on shares of GEN Restaurant Group in a research report on Monday, July 24th. They set a “buy” rating and a $23.00 price objective for the company. Benchmark reduced their target price on GEN Restaurant Group from $25.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Craig Hallum reduced their price objective on GEN Restaurant Group from $27.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, Roth Capital reiterated a “buy” rating on shares of GEN Restaurant Group in a report on Monday, July 24th.

GEN Restaurant Group Price Performance

GEN Restaurant Group stock traded down $0.04 during midday trading on Monday, hitting $7.89. 4,447 shares of the stock were exchanged, compared to its average volume of 116,247. GEN Restaurant Group, Inc. has a fifty-two week low of $7.03 and a fifty-two week high of $20.50. The stock’s 50-day moving average price is $10.41. The company has a current ratio of 1.44, a quick ratio of 1.25 and a debt-to-equity ratio of 0.14.

Insider Activity at GEN Restaurant Group

In related news, major shareholder Polar Asset Management Partner sold 4,527 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $8.16, for a total transaction of $36,940.32. Following the completion of the sale, the insider now directly owns 410,316 shares of the company’s stock, valued at approximately $3,348,178.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 8,684 shares of company stock worth $73,702.

GEN Restaurant Group Profile

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, New York, and Texas. Its restaurants specialize in various flavored meats for Korean barbeque. The company was founded in 2011 and is based in Cerritos, California.