Insider Selling: National CineMedia (NASDAQ:NCMI) EVP Sells $35,177.27 in Stock

National CineMedia, Inc. (NASDAQ:NCMI) EVP Maria Vg Woods sold 9,043 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $3.89, for a total value of $35,177.27. Following the completion of the sale, the executive vice president owned 129,330 shares of the company’s stock, valued at approximately $503,093.70. This represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

National CineMedia Trading Up 1.0%

Shares of NCMI opened at $3.89 on Friday. The company’s 50 day simple moving average is $4.08 and its 200-day simple moving average is $4.45. The firm has a market cap of $365.00 million, a PE ratio of -25.93 and a beta of 1.36. National CineMedia, Inc. has a 12-month low of $3.81 and a 12-month high of $7.25.

National CineMedia Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were paid a $0.03 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 3.1%. National CineMedia’s payout ratio is currently -80.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new position in National CineMedia in the first quarter worth $43,000. Quantbot Technologies LP acquired a new position in shares of National CineMedia during the 3rd quarter worth $34,000. BNP Paribas Financial Markets grew its stake in shares of National CineMedia by 103.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,895 shares of the business services provider’s stock worth $58,000 after purchasing an additional 6,549 shares during the period. Inscription Capital LLC purchased a new position in shares of National CineMedia in the 3rd quarter valued at about $58,000. Finally, Legal & General Group Plc lifted its stake in shares of National CineMedia by 137.1% in the second quarter. Legal & General Group Plc now owns 14,327 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 8,285 shares during the period. Institutional investors and hedge funds own 69.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $6.00 price target (down previously from $7.00) on shares of National CineMedia in a report on Friday, October 31st. Wall Street Zen upgraded National CineMedia from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of National CineMedia in a report on Monday. Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a report on Thursday, December 18th. Finally, Barrington Research lowered their price objective on shares of National CineMedia from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.60.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.