Insider Buying: National CineMedia, Inc. (NCMI) Major Shareholder Buys $398,400.00 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard purchased 60,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of $6.64 per share, for a total transaction of $398,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, December 8th, General L.P. Standard acquired 18,500 shares of National CineMedia stock. The stock was acquired at an average price of $6.54 per share, for a total transaction of $120,990.00.
  • On Wednesday, December 6th, General L.P. Standard acquired 149,662 shares of National CineMedia stock. The stock was acquired at an average price of $6.61 per share, for a total transaction of $989,265.82.

National CineMedia, Inc. (NASDAQ:NCMI) opened at $6.62 on Friday. National CineMedia, Inc. has a twelve month low of $5.12 and a twelve month high of $15.80. The firm has a market cap of $532.24, a P/E ratio of 21.87, a P/E/G ratio of 2.60 and a beta of 0.62. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of -14.71.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 16th were issued a $0.22 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $0.88 annualized dividend and a yield of 13.29%. National CineMedia’s dividend payout ratio (DPR) is presently 266.67%.

Several equities analysts recently weighed in on NCMI shares. Zacks Investment Research lowered shares of National CineMedia from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Credit Suisse Group cut their price objective on shares of National CineMedia from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, September 28th. B. Riley set a $9.00 price objective on shares of National CineMedia and gave the company a “hold” rating in a report on Tuesday, November 14th. J P Morgan Chase & Co lowered shares of 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 upgraded shares of National CineMedia from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. National CineMedia currently has an average rating of “Hold” and an average price target of $7.90.

A number of institutional investors and hedge funds have recently bought and sold shares of NCMI. Janus Henderson Group PLC acquired a new stake in National CineMedia in the second quarter worth $27,242,000. Oaktree Capital Management LP acquired a new stake in National CineMedia in the third quarter worth $25,301,000. Thompson Siegel & Walmsley LLC raised its holdings in National CineMedia by 238.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,707,647 shares of the business services provider’s stock worth $20,091,000 after purchasing an additional 1,907,741 shares during the period. River Road Asset Management LLC acquired a new stake in National CineMedia in the third quarter worth $11,035,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in National CineMedia by 87.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,120,000 shares of the business services provider’s stock worth $15,730,000 after purchasing an additional 990,000 shares during the period. Institutional investors own 86.40% of the company’s stock.

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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.

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