Insider Selling: Mark Hasebroock Unloads 23,500 Shares of Ballantyne Strong Stock (BTN)
Ballantyne Strong (NYSE:BTN) Director Mark Hasebroock sold 23,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $3.72, for a total transaction of $87,420.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link.
Ballantyne Strong (NYSE:BTN) opened at 3.73 on Thursday. Ballantyne Strong has a 1-year low of $3.65 and a 1-year high of $5.15. The stock’s 50-day moving average is $3.90 and its 200-day moving average is $4.36. The company’s market cap is $52.5 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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