Insider Selling: Ballantyne Strong Director Sells 23,500 Shares of Stock (BTN)
Ballantyne Strong (NYSE:BTN) Director Mark Hasebroock sold 23,500 shares of Ballantyne Strong stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $3.72, for a total transaction of $87,420.00. Following the completion of the sale, the director now directly owns 19,375 shares of the company’s stock, valued at approximately $72,075. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Ballantyne Strong (NYSE:BTN) traded down 0.26% during mid-day trading on Tuesday, hitting $3.81. 4,166 shares of the company’s stock traded hands. Ballantyne Strong has a 52 week low of $3.65 and a 52 week high of $5.15. The stock has a 50-day moving average of $3.92 and a 200-day moving average of $4.37. The company’s market cap is $53.6 million.
Ballantyne Strong (NYSE:BTN) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.05. The company had revenue of $22.03 million for the quarter, compared to the consensus estimate of $27.00 million. During the same quarter last year, the company posted $0.09 earnings per share.
Ballantyne Strong, Inc (NYSE:BTN), formerly Ballantyne of Omaha, Inc, is a manufacturer, distributor and service provider to the theatre exhibition industry on a worldwide basis.
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