Brookstone Capital Management Purchases 638,641 Shares of National CineMedia, Inc. (NASDAQ:NCMI)

Brookstone Capital Management lifted its position in shares of National CineMedia, Inc. (NASDAQ:NCMIGet Rating) by 168.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,017,470 shares of the business services provider’s stock after buying an additional 638,641 shares during the quarter. Brookstone Capital Management owned approximately 1.24% of National CineMedia worth $992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Red Spruce Capital LLC boosted its position in National CineMedia by 8.2% during the second quarter. Red Spruce Capital LLC now owns 263,613 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 20,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in National CineMedia by 35.9% during the first quarter. BNP Paribas Arbitrage SA now owns 84,636 shares of the business services provider’s stock valued at $215,000 after purchasing an additional 22,363 shares in the last quarter. State Street Corp boosted its position in National CineMedia by 2.9% during the first quarter. State Street Corp now owns 1,255,295 shares of the business services provider’s stock valued at $3,188,000 after purchasing an additional 35,491 shares in the last quarter. UBS Group AG boosted its position in National CineMedia by 112.9% during the first quarter. UBS Group AG now owns 48,361 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 25,650 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in National CineMedia by 130.9% during the first quarter. XTX Topco Ltd now owns 48,263 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 27,363 shares in the last quarter.

National CineMedia Stock Down 2.8 %

Shares of NASDAQ:NCMI opened at $0.91 on Thursday. National CineMedia, Inc. has a 52-week low of $0.88 and a 52-week high of $3.97. The stock has a market cap of $74.81 million, a price-to-earnings ratio of -2.28 and a beta of 1.77. The business has a 50-day moving average price of $1.30 and a 200-day moving average price of $1.63.

National CineMedia (NASDAQ:NCMIGet Rating) last announced its quarterly earnings data on Monday, August 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. The firm had revenue of $67.10 million during the quarter, compared to analysts’ expectations of $65.00 million. The company’s revenue for the quarter was up 379.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.28) earnings per share. As a group, equities analysts anticipate that National CineMedia, Inc. will post -0.22 EPS for the current fiscal year.

National CineMedia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 13.13%. The ex-dividend date was Friday, August 19th. National CineMedia’s dividend payout ratio is currently -30.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $4.00 price objective on shares of National CineMedia in a research report on Thursday, August 4th. B. Riley decreased their price target on National CineMedia from $4.00 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, June 21st. Finally, StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Monday, September 12th.

Insider Activity at National CineMedia

In other news, CEO Thomas F. Lesinski sold 31,536 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $1.78, for a total value of $56,134.08. Following the completion of the sale, the chief executive officer now directly owns 315,717 shares in the company, valued at $561,976.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder General L.P. Standard sold 4,516,890 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $0.90, for a total transaction of $4,065,201.00. Following the completion of the sale, the insider now directly owns 12,932,382 shares in the company, valued at $11,639,143.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas F. Lesinski sold 31,536 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $1.78, for a total value of $56,134.08. Following the completion of the sale, the chief executive officer now owns 315,717 shares of the company’s stock, valued at $561,976.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,548,807 shares of company stock worth $4,121,693. 2.40% of the stock is owned by corporate insiders.

National CineMedia Company Profile

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National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

Further Reading

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Institutional Ownership by Quarter for National CineMedia (NASDAQ:NCMI)

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