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Monica Wolfe
Monica Wolfe
Articles (757) 

Ballantyne Strong Reports Fourth Insider Buy of March

March 29, 2013 | About:

On March 27, Ballantyne Strong Inc. (BTN) reported an insider buy from President and CEO Gary Cavey. This insider buy marks the fourth insider transaction for this month. Gary Cavey has made two sizable buys this month. On March 27 he added 10,000 shares at $4.05 each for a total of $40,500. Cavey had also previously added another 10,000 shares on March 20. These shares traded at $4.08 for a total of $40,800.

Cavey has had a successful track history in investing in his company. Every time Cavey adds more shares, the price of the stock increases. Since Cavey’s most recent buy, the share price has increased 4.44%. To see more of Cavey’s insider buys, look at his market overview.

Also on March 20, Director Donde Plowman added 4,926 shares at $4.07 per share. His transaction amounted to $20,048.

The first insider buy this month came on March 15. Director Sam Freitag bought 18,000 shares for $4 per share. Freitag spent $72,000 on this transaction.

Ballantyne Strong is a provider of digital cinema projection equipment and services as well as cinema screens, motion picture projectors and specialty lighting equipment and services. The company is based out of Omaha, Neb., but supplies major and independent theater chains, arenas, theme parks and architectural sites around the world.

According to the GuruFocus analysis of Ballantyne Strong, the per share revenue has been in a decline for the past year. Also the gross margin has been in a long-term decline. The average rate of decline per year is 4.6%. On the up side, Ballantyne Strong has no debt and achieves a perfect financial strength rating of 10/10.

Market Cap: 59.4 M P/E: 10.8 Shiller P/E: 14.34
P/B: 0.9 P/S: 0.353 EV/EBITDA: 2.10
52 Week Low: 3.09 52 Week High: 6.48 Average Volume: 87,183

Three gurus hold a stake in Ballantyne Strong: John Rogers owns 976,598 shares, Jim Simons holds 152,800 shares and Chuck Royce owns 464,397 shares of the company.

With its shares up 3.93%, Ballantyne Strong trades at $4.23.

To view more insider trades within the company, look at Ballantyne Strong's Insider Trade History.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Rating: 3.0/5 (4 votes)


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