Insider Buying: National CineMedia, Inc. (NCMI) Major Shareholder Acquires $104,100.00 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard purchased 15,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were purchased at an average price of $6.94 per share, for a total transaction of $104,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

General L.P. Standard also recently made the following trade(s):

  • On Monday, December 18th, General L.P. Standard purchased 210,320 shares of National CineMedia stock. The shares were purchased at an average price of $6.97 per share, for a total transaction of $1,465,930.40.
  • On Monday, December 11th, General L.P. Standard purchased 144,297 shares of National CineMedia stock. The shares were purchased at an average price of $6.76 per share, for a total transaction of $975,447.72.
  • On Wednesday, December 13th, General L.P. Standard purchased 213,161 shares of National CineMedia stock. The shares were purchased at an average price of $6.80 per share, for a total transaction of $1,449,494.80.
  • On Friday, December 8th, General L.P. Standard purchased 18,500 shares of National CineMedia stock. The shares were purchased at an average price of $6.54 per share, for a total transaction of $120,990.00.
  • On Monday, December 4th, General L.P. Standard acquired 60,000 shares of National CineMedia stock. The shares were bought at an average cost of $6.64 per share, for a total transaction of $398,400.00.
  • On Wednesday, December 6th, General L.P. Standard acquired 149,662 shares of National CineMedia stock. The shares were bought at an average cost of $6.61 per share, for a total transaction of $989,265.82.

Shares of National CineMedia, Inc. (NCMI) opened at $6.86 on Friday. The company has a debt-to-equity ratio of -14.71, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $538.52, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 2.63 and a beta of 0.62. National CineMedia, Inc. has a 1-year low of $5.12 and a 1-year high of $15.25.

National CineMedia (NASDAQ:NCMI) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $116.40 million for the quarter, compared to the consensus estimate of $108.21 million. National CineMedia had a negative return on equity of 21.45% and a net margin of 4.81%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. equities research analysts predict that National CineMedia, Inc. will post 0.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 16th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 12.83%. The ex-dividend date was Wednesday, November 15th. National CineMedia’s payout ratio is currently 266.67%.

NCMI has been the topic of a number of recent research reports. Credit Suisse Group decreased their price objective on National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. Zacks Investment Research downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. B. Riley downgraded National CineMedia from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $8.75 in a report on Tuesday, November 7th. JPMorgan Chase & Co. downgraded National CineMedia from a “neutral” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Wednesday, November 8th. Finally, ValuEngine raised National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. National CineMedia currently has an average rating of “Hold” and a consensus price target of $7.90.

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacad Investment Ltd. boosted its holdings in shares of National CineMedia by 690.2% in the 2nd quarter. Pacad Investment Ltd. now owns 14,223 shares of the business services provider’s stock worth $106,000 after acquiring an additional 12,423 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of National CineMedia by 30.5% in the 2nd quarter. Stifel Financial Corp now owns 19,126 shares of the business services provider’s stock worth $142,000 after acquiring an additional 4,468 shares in the last quarter. DRW Securities LLC acquired a new position in shares of National CineMedia in the 2nd quarter worth approximately $142,000. Nine Chapters Capital Management LLC acquired a new position in shares of National CineMedia in the 3rd quarter worth approximately $136,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of National CineMedia in the 3rd quarter worth approximately $175,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.

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About National CineMedia

National CineMedia, Inc (NCM, Inc) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements.

Insider Buying and Selling by Quarter for National CineMedia (NASDAQ:NCMI)

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