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) in the 1st quarter, according to the company in its most recent disclosure 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 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GTN. Wells Fargo & Company MN increased its holdings in shares of Gray Media by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 53,242 shares of the company's stock worth $168,000 after buying an additional 6,367 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Gray Media by 8.0% during the fourth quarter. Russell Investments Group Ltd. now owns 421,599 shares of the company's stock worth $1,328,000 after buying an additional 31,161 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Gray Media by 214,100.0% during the fourth quarter. Federated Hermes Inc. now owns 12,852 shares of the company's stock worth $40,000 after buying an additional 12,846 shares in the last quarter. Barclays PLC increased its holdings in shares of Gray Media by 9.6% in the fourth quarter. Barclays PLC now owns 298,486 shares of the company's stock valued at $940,000 after purchasing an additional 26,214 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of Gray Media by 18.7% in the fourth quarter. Mariner LLC now owns 21,740 shares of the company's stock valued at $68,000 after purchasing an additional 3,419 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Gray Media

In other news, CFO Jeffrey R. Gignac purchased 12,500 shares of Gray Media stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $3.68 per share, with a total value of $46,000.00. Following the completion of the transaction, the chief financial officer directly owned 644,599 shares in the company, valued at $2,372,124.32. This trade represents a 1.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 15.22% of the stock is currently owned by corporate insiders.

Gray Media Trading Up 3.3%

GTN stock traded up $0.1930 during midday trading on Friday, reaching $6.0630. The company's stock had a trading volume of 1,089,053 shares, compared to its average volume of 1,761,290. Gray Media Inc. has a 52 week low of $2.91 and a 52 week high of $6.16. The stock has a market cap of $618.97 million, a PE ratio of 4.02 and a beta of 1.20. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. The business's 50-day simple moving average is $4.96 and its 200-day simple moving average is $4.29.

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

Gray Media Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, September 15th. Gray Media's dividend payout ratio (DPR) is currently 21.19%.

Gray Media Company Profile

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.