GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) to Issue Dividend of $0.38

Key Points

• Dividend announced: GLIBK will pay $0.375 per share on December 15 to shareholders of record November 30; the ex-dividend date is also November 30.
• Quarterly earnings missed expectations: The company reported EPS of $0.68, below the consensus estimate of $0.86. Analysts forecast full-year EPS of $2.36.
• The stock rose $0.26 to $27.62 during Tuesday trading. Director John C. Malone also purchased 1,000 shares in August at an average price of $26 per share.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) announced a dividend on Tuesday, November 10th. Investors of record on Monday, November 30th will be given a dividend of $0.3750 per share on Tuesday, December 15th. The ex-dividend date is Monday, November 30th.

GCI Liberty, Inc. - Series C GCI Group Stock Performance

NASDAQ GLIBK traded up $0.26 during trading hours on Tuesday, reaching $27.62. The stock had a trading volume of 662,008 shares, compared to its average volume of 548,792. GCI Liberty, Inc. - Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17. The stock has a fifty day moving average of $23.40 and a 200 day moving average of $28.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market cap of $990.18 million, a P/E ratio of 9.97 and a beta of -0.86.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.18). GCI Liberty, Inc. - Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. Sell-side analysts predict that GCI Liberty, Inc. - Series C GCI Group will post 2.36 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John C. Malone acquired 1,000 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $26.00 per share, with a total value of $26,000.00. Following the purchase, the director directly owned 2,559,752 shares of the company's stock, valued at $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of GCI Liberty, Inc. - Series C GCI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the first quarter worth approximately $38,000. Versant Capital Management Inc raised its stake in GCI Liberty, Inc. - Series C GCI Group by 2,965.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company's stock valued at $48,000 after purchasing an additional 2,135 shares during the last quarter. Swiss National Bank raised its stake in GCI Liberty, Inc. - Series C GCI Group by 4.8% in the 1st quarter. Swiss National Bank now owns 67,079 shares of the company's stock valued at $2,496,000 after purchasing an additional 3,100 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in GCI Liberty, Inc. - Series C GCI Group by 4.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 98,013 shares of the company's stock valued at $3,647,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in GCI Liberty, Inc. - Series C GCI Group by 15.4% in the 1st quarter. Bank of New York Mellon Corp now owns 66,507 shares of the company's stock valued at $2,475,000 after purchasing an additional 8,866 shares in the last quarter.

About GCI Liberty, Inc. - Series C GCI Group

GCI Liberty, Inc. – Series C GCI Group NASDAQ: GLIBK was a tracking stock associated with GCI Liberty's GCI Group, rather than a separate operating business. The group's principal business was GCI, an Alaska-based telecommunications provider serving residential, business, government and educational customers. GCI offered wireless and wireline communications, broadband internet, video, voice and data services. Its network and services served communities across Alaska, including areas where telecommunications infrastructure can be challenging to build and maintain.

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