Insider Selling: National CineMedia (NASDAQ:NCMI) Insider Sells 12,058 Shares

National CineMedia, Inc. (NASDAQ:NCMI) insider Maria Vg Woods sold 12,058 shares of National CineMedia stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $3.77, for a total value of $45,458.66. Following the completion of the transaction, the insider owned 163,162 shares in the company, valued at $615,120.74. The trade was a 6.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

National CineMedia Trading Up 5.3%

NCMI stock traded up $0.20 during mid-day trading on Thursday, reaching $3.97. 470,752 shares of the stock traded hands, compared to its average volume of 430,696. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.03. The company has a market cap of $372.31 million, a P/E ratio of -44.11 and a beta of 1.35. National CineMedia, Inc. has a 52-week low of $2.78 and a 52-week high of $5.14. The stock’s fifty day moving average is $3.42 and its 200-day moving average is $3.51.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings data on Tuesday, May 12th. The business services provider reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.03. The firm had revenue of $34.00 million for the quarter, compared to analysts’ expectations of $32.92 million. National CineMedia had a negative net margin of 3.47% and a negative return on equity of 1.80%.

National CineMedia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 22nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 3.0%. National CineMedia’s payout ratio is presently -133.33%.

Institutional Trading of National CineMedia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of National CineMedia by 2.2% during the 2nd quarter. American Century Companies Inc. now owns 145,233 shares of the business services provider’s stock valued at $704,000 after acquiring an additional 3,110 shares during the last quarter. EntryPoint Capital LLC lifted its position in National CineMedia by 8.1% during the 4th quarter. EntryPoint Capital LLC now owns 55,439 shares of the business services provider’s stock worth $216,000 after buying an additional 4,142 shares in the last quarter. Inscription Capital LLC boosted its holdings in shares of National CineMedia by 32.7% in the 4th quarter. Inscription Capital LLC now owns 17,214 shares of the business services provider’s stock valued at $67,000 after buying an additional 4,246 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in National CineMedia by 16.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,712 shares of the business services provider’s stock worth $151,000 after purchasing an additional 5,390 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of National CineMedia by 4.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 124,626 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 5,440 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on NCMI. Weiss Ratings lowered shares of National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wedbush cut their price target on National CineMedia from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded National CineMedia from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.38.

National CineMedia Company Profile

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.