Hemisphere Media Group, Inc. (NASDAQ:HMTV) Major Shareholder Fine Capital Partners, L.P. Buys 55,000 Shares

Hemisphere Media Group, Inc. (NASDAQ:HMTVGet Rating) major shareholder Fine Capital Partners, L.P. acquired 55,000 shares of the stock in a transaction on Wednesday, April 20th. The shares were acquired at an average cost of $4.49 per share, for a total transaction of $246,950.00. Following the completion of the transaction, the insider now directly owns 3,050,530 shares in the company, valued at approximately $13,696,879.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Fine Capital Partners, L.P. also recently made the following trade(s):

  • On Monday, April 18th, Fine Capital Partners, L.P. acquired 125,000 shares of Hemisphere Media Group stock. The shares were acquired at an average cost of $4.40 per share, for a total transaction of $550,000.00.
  • On Thursday, April 14th, Fine Capital Partners, L.P. acquired 100,000 shares of Hemisphere Media Group stock. The shares were acquired at an average cost of $4.22 per share, for a total transaction of $422,000.00.
  • On Tuesday, April 12th, Fine Capital Partners, L.P. bought 15,094 shares of Hemisphere Media Group stock. The stock was purchased at an average price of $3.99 per share, with a total value of $60,225.06.

Shares of HMTV stock traded down $0.24 during mid-day trading on Wednesday, hitting $4.23. The stock had a trading volume of 155,123 shares, compared to its average volume of 92,503. Hemisphere Media Group, Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $14.04. The firm has a market cap of $170.35 million, a price-to-earnings ratio of 15.11 and a beta of 1.15. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.99. The company has a 50-day simple moving average of $5.17.

Hemisphere Media Group (NASDAQ:HMTVGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The company reported ($0.03) EPS for the quarter. Hemisphere Media Group had a net margin of 5.65% and a negative return on equity of 7.42%. The company had revenue of $56.82 million during the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Hemisphere Media Group by 81.8% in the third quarter. Royal Bank of Canada now owns 1,982 shares of the company’s stock valued at $25,000 after purchasing an additional 892 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Hemisphere Media Group by 80.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,664 shares of the company’s stock valued at $57,000 after purchasing an additional 2,084 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hemisphere Media Group in the fourth quarter valued at about $51,000. Citigroup Inc. lifted its stake in shares of Hemisphere Media Group by 65.8% in the fourth quarter. Citigroup Inc. now owns 9,447 shares of the company’s stock valued at $68,000 after purchasing an additional 3,750 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Hemisphere Media Group in the third quarter valued at about $138,000. Hedge funds and other institutional investors own 71.81% of the company’s stock.

Several research firms have recently commented on HMTV. Wells Fargo & Company reduced their target price on shares of Hemisphere Media Group from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, March 9th. StockNews.com began coverage on shares of Hemisphere Media Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Hemisphere Media Group Company Profile (Get Rating)

Hemisphere Media Group, Inc operates as the Spanish-language media company. The company operates Pantaya, a subscription streaming service of Spanish-language media with approximately million subscribers; Cinelatino, a cable movie network with approximately 17.1 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; WAPA.TV, a news and entertainment website, as well as mobile apps, featuring content produced by WAPA; and WAPA Deportes, a sports television network in Puerto Rico.

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Insider Buying and Selling by Quarter for Hemisphere Media Group (NASDAQ:HMTV)

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