Panoramic Capital LLC Buys New Position in National CineMedia, Inc. (NASDAQ:NCMI)

Panoramic Capital LLC acquired a new position in National CineMedia, Inc. (NASDAQ:NCMI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 187,775 shares of the business services provider's stock, valued at approximately $1,247,000. Panoramic Capital LLC owned about 0.20% of National CineMedia at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Summit Securities Group LLC purchased a new stake in National CineMedia in the fourth quarter worth approximately $53,000. BNP Paribas Financial Markets purchased a new stake in National CineMedia in the fourth quarter worth approximately $57,000. DRW Securities LLC purchased a new stake in National CineMedia in the fourth quarter worth approximately $73,000. Quarry LP purchased a new stake in National CineMedia in the fourth quarter worth approximately $91,000. Finally, Ieq Capital LLC purchased a new stake in National CineMedia in the fourth quarter worth approximately $93,000. 69.49% of the stock is currently owned by institutional investors.

National CineMedia Trading Up 0.4%

Shares of NASDAQ:NCMI traded up $0.02 during trading on Friday, reaching $5.11. 857,529 shares of the company traded hands, compared to its average volume of 633,185. The firm has a market capitalization of $481.89 million, a price-to-earnings ratio of -20.44 and a beta of 2.12. National CineMedia, Inc. has a 52-week low of $4.12 and a 52-week high of $7.60. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.03. The business's fifty day moving average is $5.71 and its 200-day moving average is $6.38.

National CineMedia (NASDAQ:NCMI - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $34.90 million for the quarter, compared to analysts' expectations of $35.13 million. National CineMedia had a negative net margin of 9.49% and a negative return on equity of 2.61%. As a group, analysts forecast that National CineMedia, Inc. will post -0.12 EPS for the current year.

National CineMedia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.35%. National CineMedia's dividend payout ratio is presently -63.16%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NCMI. Barrington Research reaffirmed an "outperform" rating and issued a $7.00 target price on shares of National CineMedia in a research note on Friday, March 14th. B. Riley lowered National CineMedia from a "buy" rating to a "neutral" rating and set a $6.00 target price for the company. in a research note on Friday. William Blair reaffirmed a "neutral" rating and issued a $7.50 target price on shares of National CineMedia in a research note on Friday, March 7th. StockNews.com lowered National CineMedia from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Finally, Benchmark reissued a "buy" rating and set a $8.00 price objective on shares of National CineMedia in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.20.

Insider Activity at National CineMedia

In other National CineMedia news, major shareholder Blantyre Capital Ltd bought 300,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $5.12 per share, for a total transaction of $1,536,000.00. Following the completion of the acquisition, the insider now directly owns 10,250,721 shares in the company, valued at $52,483,691.52. The trade was a 3.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

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.