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Gabelli, GAMCO report 10.75% stake in Nathan's Famous

NATHANS FAMOUS, INC.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

NATHANS FAMOUS, INC. (NATH) is the subject of this Amendment No. 18 to a Schedule 13D filed by a group of Gabelli- and GAMCO-affiliated entities. The reporting group states beneficial ownership of 440,561 common shares, representing 10.75% of the issuer’s 4,097,661 shares outstanding as of June 28, 2026.

The filing attributes 261,361 shares (6.38%) to GAMCO Asset Management Inc., 176,700 shares (4.31%) to Gabelli Funds LLC, and 2,500 shares (0.06%) to Teton Advisors, LLC, each with sole voting and dispositive power over its reported shares. Several other related entities and Mario Gabelli are listed with 0 shares. The group explains it is using the long-form Schedule 13D, rather than the short-form Schedule 13G, because the reporting persons may regularly communicate with Nathans Famous’ management and want those interactions to remain compliant with Exchange Act reporting obligations.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment adds transaction-level disclosure of sales by Gabelli Funds, GAMCO Asset Management, and Teton Advisors from August 6 through August 28, 2026. These sales reduce the reporting group’s holdings, but the filing does not provide a prior aggregate holding needed to determine the net ownership change.

Aggregate shares beneficially owned 440,561 shares Total NATH common stock reported by the group of reporting persons
Ownership percentage 10.75% Portion of NATH’s 4,097,661 shares outstanding as of June 28, 2026
Shares outstanding 4,097,661 shares NATH common shares outstanding as reported in the Form 10-Q for quarter ended June 28, 2026
GAMCO Asset Management Inc. holdings 261,361 shares (6.38%) NATH shares with sole voting and dispositive power
Gabelli Funds LLC holdings 176,700 shares (4.31%) NATH shares with sole voting and dispositive power
Teton Advisors, LLC holdings 2,500 shares (0.06%) NATH shares with sole voting and dispositive power
Sample sale price $97.5238 per share Sale of 1,550 NATH shares by GAMCO Asset Management Inc. on August 27, 2026
Sample fund sale 1,000 shares at $97.5000 Gabelli Small Cap Growth Fund sale of NATH shares on August 18, 2026
beneficially own financial
"The aggregate number of Securities to which this relates is 440,561 shares, representing"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Schedule 13D regulatory
"file the long form pursuant to Section 13d-1 of the Securities Exchange Act"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
sole voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 9 | Sole Dispositive Power"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Proxy Voting Committee financial
"the Proxy Voting Committee of each Fund shall respectively vote that Funds shares"
investment adviser registered under the Investment Advisers Act of 1940 regulatory
"is an investment adviser registered under the Investment Advisers Act of 1940"

FAQ

What percentage of NATHANS FAMOUS, INC. (NATH) shares does the Gabelli/GAMCO group report owning?

The reporting group states it beneficially owns 440,561 NATH shares, representing 10.75% of the company’s 4,097,661 common shares outstanding as reported in the Form 10-Q for the quarter ended June 28, 2026.

How many NATH shares does GAMCO Asset Management Inc. report holding and what is its stake?

GAMCO Asset Management Inc. reports beneficial ownership of 261,361 NATH shares, equal to 6.38% of the common stock, with sole voting and sole dispositive power over those shares.

What is Gabelli Funds LLC’s reported position in NATH stock?

Gabelli Funds LLC reports beneficial ownership of 176,700 NATH shares, representing 4.31% of the common stock. It has sole voting and sole dispositive power over these shares, held through various funds it advises.

What stake in NATH does Teton Advisors, LLC report?

Teton Advisors, LLC reports beneficial ownership of 2,500 NATH shares, representing approximately 0.06% of the company’s common stock, with sole voting and dispositive power over those shares.

Why are the Gabelli/GAMCO entities filing a Schedule 13D instead of a Schedule 13G for NATH?

The reporting persons state they are filing the long-form Schedule 13D because they may regularly communicate with NATH’s management, and using Schedule 13D helps ensure these communications comply with reporting obligations under the Securities Exchange Act of 1934.

What recent NATH stock transactions are disclosed by the Gabelli/GAMCO group?

The filing lists several NATH share sales in August 2026, including sales by Gabelli Funds’ Small Cap Growth Fund and by GAMCO Asset Management Inc., with trade sizes from 300 to 1,550 shares at prices around $96.95–$98.51 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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632347100

(CUSIP Number)
DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/28/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:DAVID GOLDMAN
Name/Title:CHIEF LEGAL OFFICER
Date:08/31/2026
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:08/31/2026
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:08/31/2026
Teton Advisors, LLC
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:08/31/2026
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/31/2026
Associated Capital Group, Inc.
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:08/31/2026
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/31/2026