EntryPoint Capital LLC Has $534,000 Stake in Gray Television, Inc. (NYSE:GTN)

EntryPoint Capital LLC boosted its position in shares of Gray Television, Inc. (NYSE:GTN - Free Report) by 925.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 169,670 shares of the company's stock after purchasing an additional 153,128 shares during the quarter. EntryPoint Capital LLC owned about 0.17% of Gray Television worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GTN. Wilmington Savings Fund Society FSB bought a new stake in shares of Gray Television during the third quarter worth approximately $59,000. MML Investors Services LLC bought a new stake in shares of Gray Television during the 3rd quarter valued at $65,000. EP Wealth Advisors LLC acquired a new position in shares of Gray Television in the 3rd quarter valued at $67,000. KLP Kapitalforvaltning AS bought a new position in shares of Gray Television in the 4th quarter worth $43,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Gray Television during the third quarter worth $82,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Gray Television Stock Down 2.4 %

Shares of NYSE GTN traded down $0.11 during mid-day trading on Friday, reaching $4.31. 1,680,297 shares of the company's stock were exchanged, compared to its average volume of 1,388,764. Gray Television, Inc. has a twelve month low of $2.91 and a twelve month high of $7.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.76. The firm has a market capitalization of $437.14 million, a price-to-earnings ratio of 2.87 and a beta of 1.45. The business has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $4.35.

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Gray Television (NYSE:GTN - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $1.59 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.59. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.04 billion. Gray Television had a return on equity of 9.60% and a net margin of 5.69%. As a group, equities analysts expect that Gray Television, Inc. will post 3.32 EPS for the current fiscal year.

Gray Television Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Friday, March 14th. Gray Television's dividend payout ratio is presently 9.61%.

Analyst Ratings Changes

GTN has been the topic of a number of recent analyst reports. Guggenheim reduced their target price on Gray Television from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Wells Fargo & Company raised shares of Gray Television from an "underweight" rating to an "equal weight" rating and set a $4.00 price objective on the stock in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Gray Television presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.33.

Insider Buying and Selling

In other news, Director Richard Lee Boger sold 16,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.85, for a total transaction of $61,600.00. Following the completion of the transaction, the director now directly owns 55,347 shares in the company, valued at $213,085.95. This represents a 22.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.80% of the stock is currently owned by corporate insiders.

Gray Television 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.