EntryPoint Capital LLC Sells 105,658 Shares of 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 cut its stake in Gray Media Inc. (NYSE:GTN - Free Report) by 62.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,012 shares of the company's stock after selling 105,658 shares during the quarter. EntryPoint Capital LLC owned 0.06% of Gray Media worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voleon Capital Management LP purchased a new stake in shares of Gray Media in the fourth quarter worth approximately $32,000. Ameriprise Financial Inc. purchased a new stake in shares of Gray Media during the fourth quarter valued at approximately $33,000. Boothbay Fund Management LLC purchased a new stake in shares of Gray Media during the fourth quarter valued at approximately $34,000. Harbor Capital Advisors Inc. increased its position in shares of Gray Media by 157.6% during the first quarter. Harbor Capital Advisors Inc. now owns 8,752 shares of the company's stock valued at $38,000 after acquiring an additional 5,355 shares during the last quarter. Finally, CWM LLC increased its position in shares of Gray Media by 638.5% during the first quarter. CWM LLC now owns 9,615 shares of the company's stock valued at $42,000 after acquiring an additional 8,313 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Gignac purchased 12,500 shares of the stock in a transaction on Thursday, June 5th. The shares were acquired at an average price of $3.68 per share, for a total transaction of $46,000.00. Following the completion of the transaction, the chief financial officer directly owned 644,599 shares of the company's stock, valued at approximately $2,372,124.32. This trade represents a 1.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 15.22% of the stock is owned by insiders.

Gray Media Price Performance

Shares of GTN stock traded down $0.25 on Thursday, reaching $6.00. The company's stock had a trading volume of 149,219 shares, compared to its average volume of 1,505,504. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.56. Gray Media Inc. has a 12-month low of $2.91 and a 12-month high of $6.30. The company has a market capitalization of $612.01 million, a P/E ratio of 3.97 and a beta of 1.20. The stock's 50 day simple moving average is $5.08 and its 200-day simple moving average is $4.33.

Gray Media (NYSE:GTN - Get Free Report) last issued 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 return on equity of 10.31% and a net margin of 5.64%.The business had revenue of $772.00 million during the quarter, compared to analysts' expectations of $765.16 million. During the same quarter last year, the business posted $0.09 EPS. The company's quarterly revenue was down 6.5% on a year-over-year basis. Gray Media has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Gray Media Inc. will post 3.32 earnings per share for the current fiscal year.

Gray Media Announces Dividend

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

Analyst Upgrades and Downgrades

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