State Board of Administration of Florida Retirement System raised its position in shares of National CineMedia, Inc. (NASDAQ:NCMI) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,377 shares of the business services provider’s stock after acquiring an additional 5,963 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in National CineMedia were worth $533,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in National CineMedia by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,420,191 shares of the business services provider’s stock valued at $20,330,000 after acquiring an additional 150,525 shares during the last quarter. Millennium Management LLC boosted its position in National CineMedia by 381.2% during the second quarter. Millennium Management LLC now owns 118,382 shares of the business services provider’s stock valued at $994,000 after acquiring an additional 93,781 shares during the last quarter. Northern Trust Corp boosted its position in National CineMedia by 19.1% during the second quarter. Northern Trust Corp now owns 854,357 shares of the business services provider’s stock valued at $7,175,000 after acquiring an additional 137,239 shares during the last quarter. Miller Value Partners LLC boosted its position in National CineMedia by 24.5% during the second quarter. Miller Value Partners LLC now owns 660,000 shares of the business services provider’s stock valued at $5,544,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in National CineMedia during the second quarter valued at $2,890,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.
In other news, President Clifford E. Marks sold 30,237 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $10.00, for a total transaction of $302,370.00. Following the transaction, the president now owns 526,868 shares in the company, valued at $5,268,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder General L.P. Standard acquired 459,738 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were bought at an average price of $7.49 per share, for a total transaction of $3,443,437.62. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.
Shares of NASDAQ NCMI opened at $6.81 on Friday. National CineMedia, Inc. has a 1-year low of $5.09 and a 1-year high of $10.94. The stock has a market cap of $541.66 million, a PE ratio of 15.95 and a beta of 0.83.
National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Monday, November 5th. The business services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. National CineMedia had a net margin of 1.82% and a negative return on equity of 50.31%. The firm had revenue of $110.10 million for the quarter, compared to analyst estimates of $117.48 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts forecast that National CineMedia, Inc. will post 0.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.68 annualized dividend and a dividend yield of 9.99%. National CineMedia’s dividend payout ratio is currently 170.00%.
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About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates an in-theatre digital media network in North America. The company produces and distributes various versions of Noovie, a cinema advertising and entertainment pre-show on movie screens; sells advertising on its lobby entertainment network; and other forms of advertising and promotions in theatre lobbies.
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