Hemisphere Media Group, Inc. (NASDAQ:HMTV) Major Shareholder Fine Capital Partners, L.P. Purchases 25,000 Shares

Hemisphere Media Group, Inc. (NASDAQ:HMTVGet Rating) major shareholder Fine Capital Partners, L.P. acquired 25,000 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was acquired at an average price of $3.80 per share, with a total value of $95,000.00. Following the completion of the transaction, the insider now directly owns 3,298,930 shares of the company’s stock, valued at approximately $12,535,934. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Wednesday, May 4th, Fine Capital Partners, L.P. acquired 25,000 shares of Hemisphere Media Group stock. The stock was acquired at an average price of $3.99 per share, with a total value of $99,750.00.
  • On Friday, April 29th, Fine Capital Partners, L.P. acquired 50,000 shares of Hemisphere Media Group stock. The stock was acquired at an average price of $3.93 per share, with a total value of $196,500.00.
  • On Monday, April 25th, Fine Capital Partners, L.P. acquired 50,000 shares of Hemisphere Media Group stock. The stock was acquired at an average price of $4.11 per share, with a total value of $205,500.00.
  • On Wednesday, April 20th, Fine Capital Partners, L.P. purchased 55,000 shares of Hemisphere Media Group stock. The shares were purchased at an average price of $4.49 per share, for a total transaction of $246,950.00.
  • On Monday, April 18th, Fine Capital Partners, L.P. purchased 125,000 shares of Hemisphere Media Group stock. The shares were purchased at an average price of $4.40 per share, for a total transaction of $550,000.00.
  • On Thursday, April 14th, Fine Capital Partners, L.P. purchased 100,000 shares of Hemisphere Media Group stock. The shares were purchased at an average price of $4.22 per share, for a total transaction of $422,000.00.
  • On Tuesday, April 12th, Fine Capital Partners, L.P. purchased 15,094 shares of Hemisphere Media Group stock. The shares were purchased at an average price of $3.99 per share, for a total transaction of $60,225.06.

Shares of NASDAQ HMTV opened at $4.16 on Thursday. The stock has a market cap of $167.52 million, a P/E ratio of 14.86 and a beta of 1.17. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.99. Hemisphere Media Group, Inc. has a 12-month low of $3.65 and a 12-month high of $14.04. The business’s fifty day simple moving average is $4.76 and its 200-day simple moving average is $6.88.

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

Several hedge funds and other institutional investors have recently made changes to their positions in HMTV. Royal Bank of Canada raised 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 acquiring an additional 892 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Hemisphere Media Group in the fourth quarter valued at $51,000. BNP Paribas Arbitrage SA raised its stake in 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 buying an additional 2,084 shares in the last quarter. Citigroup Inc. raised its stake in 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 buying an additional 3,750 shares in the last quarter. Finally, Boyar Asset Management Inc. raised its stake in Hemisphere Media Group by 12.0% in the first quarter. Boyar Asset Management Inc. now owns 27,951 shares of the company’s stock valued at $128,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 76.13% of the company’s stock.

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price target 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. StockNews.com initiated coverage on Hemisphere Media Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

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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