EntryPoint Capital LLC Reduces Stake in Gray Media Inc. $GTN

Key Points

• EntryPoint Capital LLC reduced its holdings in Gray Media Inc. by 62.3%, now owning approximately 64,012 shares valued at $277,000, according to a recent SEC filing.
• Gray Media reported a quarterly loss of ($0.42) EPS, missing analyst expectations, while revenue was $772 million, slightly above the anticipated $765.16 million.
• The company declared a quarterly dividend of $0.08 to be paid on September 30th, reflecting an annualized dividend yield of 5.3%.

EntryPoint Capital LLC lessened its holdings in Gray Media Inc. (NYSE:GTN - Free Report) by 62.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,012 shares of the company's stock after selling 105,658 shares during the period. EntryPoint Capital LLC owned about 0.06% of Gray Media worth $277,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Voleon Capital Management LP bought a new stake in Gray Media during the 4th quarter worth approximately $32,000. Ameriprise Financial Inc. purchased a new position in shares of Gray Media in the fourth quarter valued at $33,000. Boothbay Fund Management LLC purchased a new position in shares of Gray Media in the fourth quarter valued at $34,000. Harbor Capital Advisors Inc. grew its holdings in shares of Gray Media by 157.6% in the first quarter. Harbor Capital Advisors Inc. now owns 8,752 shares of the company's stock valued at $38,000 after purchasing an additional 5,355 shares in the last quarter. Finally, CWM LLC boosted its stake in Gray Media by 638.5% during the first quarter. CWM LLC now owns 9,615 shares of the company's stock worth $42,000 after buying an additional 8,313 shares during the period. Institutional investors own 78.64% of the company's stock.

Insider Buying and Selling

In other news, CFO Jeffrey R. Gignac acquired 12,500 shares of Gray Media stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of $3.68 per share, with a total value of $46,000.00. Following the purchase, the chief financial officer owned 644,599 shares in the company, valued at $2,372,124.32. This trade represents a 1.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.22% of the company's stock.

Gray Media Price Performance

Shares of GTN stock traded up $0.23 during trading hours on Wednesday, hitting $6.28. 950,347 shares of the company's stock were exchanged, compared to its average volume of 1,510,680. 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 firm has a market cap of $640.61 million, a P/E ratio of 4.15 and a beta of 1.20. The firm has a 50 day moving average of $5.04 and a two-hundred day moving average of $4.32. Gray Media Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $6.31.

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

Gray Media Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, September 15th. Gray Media's dividend payout ratio is currently 21.19%.

Analyst Upgrades and Downgrades

Several research firms have commented on GTN. Wall Street Zen lowered shares of Gray Media from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Benchmark restated a "buy" rating and issued a $9.00 price objective (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 on the stock in a research note on Monday, August 11th. Guggenheim lifted their target price on Gray Media from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company boosted their price target on Gray Media from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Gray Media has an average rating of "Moderate Buy" and a consensus target price 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.