Edenbrook Capital, Llc Purchases 29,268 Shares of Hemisphere Media Group, Inc. (NASDAQ:HMTV) Stock

Hemisphere Media Group, Inc. (NASDAQ:HMTVGet Rating) major shareholder Edenbrook Capital, Llc purchased 29,268 shares of the firm’s stock in a transaction dated Wednesday, April 27th. The stock was purchased at an average cost of $3.98 per share, with a total value of $116,486.64. Following the acquisition, the insider now directly owns 3,070,720 shares in the company, valued at $12,221,465.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Edenbrook Capital, Llc also recently made the following trade(s):

  • On Friday, April 22nd, Edenbrook Capital, Llc purchased 29,921 shares of Hemisphere Media Group stock. The stock was bought at an average cost of $3.97 per share, with a total value of $118,786.37.
  • On Monday, April 4th, Edenbrook Capital, Llc acquired 228,710 shares of Hemisphere Media Group stock. The shares were acquired at an average cost of $4.50 per share, for a total transaction of $1,029,195.00.
  • On Thursday, March 31st, Edenbrook Capital, Llc acquired 10,620 shares of Hemisphere Media Group stock. The shares were purchased at an average cost of $4.59 per share, with a total value of $48,745.80.
  • On Monday, March 28th, Edenbrook Capital, Llc acquired 3,586 shares of Hemisphere Media Group stock. The shares were bought at an average price of $4.88 per share, for a total transaction of $17,499.68.
  • On Thursday, March 24th, Edenbrook Capital, Llc acquired 8,100 shares of Hemisphere Media Group stock. The stock was bought at an average cost of $4.98 per share, with a total value of $40,338.00.
  • On Monday, February 7th, Edenbrook Capital, Llc acquired 5,193 shares of Hemisphere Media Group stock. The stock was bought at an average cost of $5.94 per share, with a total value of $30,846.42.
  • On Thursday, February 3rd, Edenbrook Capital, Llc acquired 991 shares of Hemisphere Media Group stock. The stock was purchased at an average price of $5.99 per share, for a total transaction of $5,936.09.
  • On Monday, January 31st, Edenbrook Capital, Llc purchased 100 shares of Hemisphere Media Group stock. The stock was acquired at an average cost of $6.00 per share, with a total value of $600.00.
  • On Friday, January 28th, Edenbrook Capital, Llc bought 400 shares of Hemisphere Media Group stock. The stock was acquired at an average cost of $5.98 per share, with a total value of $2,392.00.

NASDAQ HMTV opened at $4.00 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.72 and a quick ratio of 1.72. The company’s fifty day moving average is $4.89 and its two-hundred day moving average is $7.15. Hemisphere Media Group, Inc. has a 52-week low of $3.86 and a 52-week high of $14.04. The firm has a market capitalization of $161.08 million, a price-to-earnings ratio of 14.29 and a beta of 1.15.

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

Several large investors have recently added to or reduced their stakes in the company. 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 worth $25,000 after acquiring an additional 892 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Hemisphere Media Group in the fourth quarter valued at approximately $51,000. BNP Paribas Arbitrage SA boosted its stake in Hemisphere Media Group by 80.8% during the third quarter. BNP Paribas Arbitrage SA now owns 4,664 shares of the company’s stock valued at $57,000 after buying an additional 2,084 shares during the period. Citigroup Inc. lifted its stake in Hemisphere Media Group by 65.8% during the fourth quarter. Citigroup Inc. now owns 9,447 shares of the company’s stock worth $68,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Boyar Asset Management Inc. grew its holdings in Hemisphere Media Group by 12.0% in the 1st quarter. Boyar Asset Management Inc. now owns 27,951 shares of the company’s stock worth $128,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 71.81% of the company’s stock.

Several equities analysts have weighed in on the company. StockNews.com began coverage on Hemisphere Media Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company reduced their price objective on Hemisphere Media Group from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 9th.

About Hemisphere Media Group (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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