Versor Investments LP Invests $1.04 Million in Gray Media Inc. $GTN

Key Points

• Versor Investments LP acquired a new stake in Gray Media Inc., purchasing 240,100 shares valued at approximately $1,037,000, representing 0.24% of the company.
• Multiple hedge funds have increased their holdings in Gray Media, indicating strong institutional interest, with 78.64% of the stock now owned by these investors.
• Gray Media recently announced a quarterly dividend of $0.08 per share, to be paid on September 30th, equating to an annualized yield of 5.4%.

Versor Investments LP acquired a new position in shares of Gray Media Inc. (NYSE:GTN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 240,100 shares of the company's stock, valued at approximately $1,037,000. Versor Investments LP owned approximately 0.24% of Gray Media as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in Gray Media by 10.6% in the 1st quarter. American Century Companies Inc. now owns 137,338 shares of the company's stock valued at $593,000 after purchasing an additional 13,123 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Gray Media by 17.7% in the 1st quarter. Russell Investments Group Ltd. now owns 496,295 shares of the company's stock worth $2,144,000 after acquiring an additional 74,696 shares during the last quarter. HighTower Advisors LLC increased its holdings in Gray Media by 292.4% in the 1st quarter. HighTower Advisors LLC now owns 205,016 shares of the company's stock valued at $886,000 after purchasing an additional 152,766 shares during the last quarter. Nuveen LLC purchased a new stake in Gray Media during the first quarter worth about $2,876,000. Finally, Invesco Ltd. lifted its holdings in Gray Media by 44.1% during the 1st quarter. Invesco Ltd. now owns 218,157 shares of the company's stock worth $942,000 after buying an additional 66,744 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gray Media news, CFO Jeffrey R. Gignac acquired 12,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was acquired at an average price of $3.68 per share, with a total value of $46,000.00. Following the transaction, the chief financial officer directly owned 644,599 shares in the company, valued at approximately $2,372,124.32. This represents a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.22% of the stock is currently owned by corporate insiders.

Gray Media Stock Up 0.4%

Shares of GTN stock traded up $0.0250 during mid-day trading on Wednesday, reaching $5.7450. 1,000,044 shares of the company were exchanged, compared to its average volume of 1,792,746. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.87 and a current ratio of 0.87. The business's 50 day simple moving average is $4.88 and its 200 day simple moving average is $4.26. The company has a market capitalization of $586.51 million, a P/E ratio of 3.80 and a beta of 1.20. Gray Media Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $6.16.

Gray Media (NYSE:GTN - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $765.16 million. Gray Media had a net margin of 5.64% and a return on equity of 10.31%. The company's revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Gray Media has set its Q3 2025 guidance at EPS. Research analysts predict that Gray Media Inc. will post 3.32 earnings per share for the current year.

Gray Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, September 15th. Gray Media's dividend payout ratio (DPR) is 21.19%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Gray Media from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Monday, August 11th. Benchmark reaffirmed a "buy" rating and set a $9.00 price target (up from $7.00) on shares of Gray Media in a report on Monday, August 11th. Barrington Research upgraded Gray Media from a "market perform" rating to an "outperform" rating and set a $6.50 target price for the company in a research note on Monday, August 11th. Wall Street Zen lowered shares of Gray Media from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Guggenheim upped their price objective on shares of Gray Media from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $6.88.

About Gray Media

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Telemundo, THE365, and Outlaw; and local news/weather channels in various markets.