Insider Buying: National CineMedia, Inc. (NCMI) Major Shareholder Buys 46,439 Shares of Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder General L.P. Standard bought 46,439 shares of National CineMedia stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average cost of $8.55 per share, for a total transaction of $397,053.45. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, August 13th, General L.P. Standard bought 182,439 shares of National CineMedia stock. The stock was purchased at an average cost of $8.59 per share, for a total transaction of $1,567,151.01.
  • On Friday, June 29th, General L.P. Standard bought 29,500 shares of National CineMedia stock. The stock was purchased at an average cost of $8.53 per share, for a total transaction of $251,635.00.
  • On Thursday, June 7th, General L.P. Standard bought 297,600 shares of National CineMedia stock. The stock was purchased at an average cost of $7.32 per share, for a total transaction of $2,178,432.00.

Shares of NASDAQ:NCMI opened at $8.97 on Wednesday. National CineMedia, Inc. has a 12-month low of $5.09 and a 12-month high of $9.30. The stock has a market cap of $684.10 million, a PE ratio of 22.43 and a beta of 0.55. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of -9.88.



National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, August 6th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). National CineMedia had a net margin of 1.40% and a negative return on equity of 50.95%. The company had revenue of $113.70 million for the quarter, compared to the consensus estimate of $108.48 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. analysts anticipate that National CineMedia, Inc. will post 0.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Thursday, August 16th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.58%. National CineMedia’s dividend payout ratio is currently 170.00%.

A number of research analysts have recently issued reports on the company. B. Riley raised their price objective on National CineMedia from $9.50 to $10.50 and gave the company a “buy” rating in a research note on Tuesday, August 7th. BidaskClub raised National CineMedia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. ValuEngine cut National CineMedia from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. MKM Partners raised their price objective on National CineMedia to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut National CineMedia from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $8.50.

Several institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of National CineMedia during the second quarter worth about $138,000. Renaissance Technologies LLC purchased a new stake in shares of National CineMedia during the second quarter worth about $1,246,000. BlueMountain Capital Management LLC boosted its holdings in shares of National CineMedia by 25.0% during the second quarter. BlueMountain Capital Management LLC now owns 107,489 shares of the business services provider’s stock worth $903,000 after purchasing an additional 21,469 shares during the period. Western Standard LLC boosted its holdings in shares of National CineMedia by 67.7% during the second quarter. Western Standard LLC now owns 137,315 shares of the business services provider’s stock worth $1,153,000 after purchasing an additional 55,415 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of National CineMedia by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,420,191 shares of the business services provider’s stock worth $20,330,000 after purchasing an additional 150,525 shares during the period. Institutional investors own 79.15% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.

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

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