Ballantyne Strong Inc (BTN) Director Buys $2,905,589.44 in Stock

Ballantyne Strong Inc (NYSEAMERICAN:BTN) Director Global Investors Fundamental acquired 698,459 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were purchased at an average cost of $4.16 per share, with a total value of $2,905,589.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Global Investors Fundamental also recently made the following trade(s):

  • On Sunday, September 9th, Global Investors Fundamental bought 692,534 shares of Ballantyne Strong stock. The shares were acquired at an average price of $3.95 per share, with a total value of $2,735,509.30.

NYSEAMERICAN:BTN opened at $3.71 on Tuesday. Ballantyne Strong Inc has a twelve month low of $3.40 and a twelve month high of $6.55.

Ballantyne Strong (NYSEAMERICAN:BTN) last released its earnings results on Wednesday, August 8th. The consumer goods maker reported ($0.47) earnings per share for the quarter. Ballantyne Strong had a negative return on equity of 9.29% and a negative net margin of 1.45%. The business had revenue of $14.18 million for the quarter.

A hedge fund recently raised its stake in Ballantyne Strong stock. Ariel Investments LLC lifted its position in Ballantyne Strong Inc (NYSEAMERICAN:BTN) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,296,508 shares of the consumer goods maker’s stock after acquiring an additional 287,978 shares during the quarter. Ariel Investments LLC owned 22.86% of Ballantyne Strong worth $15,988,000 as of its most recent SEC filing.

About Ballantyne Strong

Ballantyne Strong, Inc designs, integrates, and installs technology solutions for the cinema, retail, financial, advertising, and government markets worldwide. It operates in two segments, Cinema and Digital Media. The Cinema segment provides audio-visual products and accessories, such as digital projectors, projection screens, servers, library management systems, menu boards, flat panel displays, and sound systems, as well as network monitoring and on-site service for cinema equipment.

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