Insider Selling: Marcus Corp. Director Unloads 7,157 Shares of Stock (MCS)
Marcus Corp. (NYSE:MCS) Director Bruce Olson unloaded 7,157 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $14.50, for a total value of $103,776.50. Following the transaction, the director now directly owns 21,149 shares in the company, valued at approximately $306,661. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Marcus Corp. (NYSE:MCS) traded up 0.41% during mid-day trading on Thursday, hitting $14.81. The stock had a trading volume of 51,729 shares. Marcus Corp. has a 52-week low of $10.27 and a 52-week high of $14.07. The stock’s 50-day moving average is $12.80 and its 200-day moving average is $12.71. The company has a market cap of $400.7 million and a price-to-earnings ratio of 19.96.
Marcus Corp. (NYSE:MCS) last announced its earnings results on Thursday, September 19th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The company had revenue of $129.00 million for the quarter, compared to the consensus estimate of $128.13 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Tuesday, October 29th will be given a dividend of $0.09 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, October 25th.
The Marcus Corporation is engaged in two segments: movie theatres, hotels and resorts. As of May 26, 2011, the Company’s theatre operations included 55 movie theatres with 684 screens throughout Wisconsin, Ohio, Illinois, Minnesota, North Dakota, Nebraska and Iowa, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties but managed by it.
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