Sycale Advisors NY LLC Invests $14.15 Million in National CineMedia, Inc. (NASDAQ:NCMI)

Sycale Advisors NY LLC purchased a new position in shares of National CineMedia, Inc. (NASDAQ:NCMI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,130,528 shares of the business services provider's stock, valued at approximately $14,147,000. National CineMedia comprises approximately 3.7% of Sycale Advisors NY LLC's holdings, making the stock its 10th biggest holding. Sycale Advisors NY LLC owned about 2.24% of National CineMedia as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $53,000. BNP Paribas Financial Markets bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $57,000. DRW Securities LLC bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $73,000. Quarry LP bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $91,000. Finally, Ieq Capital LLC bought a new stake in shares of National CineMedia during the fourth quarter valued at approximately $93,000. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at National CineMedia

In other National CineMedia news, major shareholder Blantyre Capital Ltd bought 103,685 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $5.18 per share, for a total transaction of $537,088.30. Following the completion of the purchase, the insider now owns 10,310,433 shares in the company, valued at $53,408,042.94. This represents a 1.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NCMI. Wedbush restated an "outperform" rating and set a $7.50 price objective on shares of National CineMedia in a research report on Thursday, May 1st. StockNews.com cut National CineMedia from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th. Barrington Research restated an "outperform" rating and set a $7.00 price objective on shares of National CineMedia in a research report on Friday, March 14th. William Blair restated a "neutral" rating and set a $7.50 price objective on shares of National CineMedia in a research report on Friday, March 7th. Finally, B. Riley cut National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 price objective on the stock. in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.20.

National CineMedia Price Performance

NASDAQ:NCMI traded down $0.24 during trading hours on Wednesday, reaching $4.96. The company had a trading volume of 507,057 shares, compared to its average volume of 636,272. The stock has a 50-day moving average of $5.69 and a two-hundred day moving average of $6.35. National CineMedia, Inc. has a one year low of $4.12 and a one year high of $7.60. The firm has a market capitalization of $467.75 million, a PE ratio of -19.84 and a beta of 2.12. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The business services provider reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. The company had revenue of $34.90 million during the quarter, compared to the consensus estimate of $35.13 million. Analysts forecast that National CineMedia, Inc. will post -0.12 earnings per share for the current year.

National CineMedia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, May 16th. National CineMedia's dividend payout ratio (DPR) is -63.16%.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.