Richard Lee Boger Sells 57,000 Shares of Gray Media (NYSE:GTN) Stock

Posted by Brian Himes on May 23rd, 2026

Gray Media Inc. (NYSE:GTN – Get Free Report) Director Richard Lee Boger sold 57,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $4.40, for a total value of $250,800.00. Following the completion of the sale, the director directly owned 4,591 shares of the company’s stock, valued at $20,200.40. This represents a 92.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gray Media Stock Down 1.3%

GTN opened at $4.08 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $4.88 and a 200-day simple moving average of $4.82. The stock has a market capitalization of $418.67 million, a P/E ratio of -2.66 and a beta of 1.04. Gray Media Inc. has a 12 month low of $3.50 and a 12 month high of $6.43.

Gray Media (NYSE:GTN – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.02). Gray Media had a negative net margin of 3.12% and a negative return on equity of 3.07%. The business had revenue of $768.00 million during the quarter, compared to analyst estimates of $768.05 million. During the same period in the prior year, the business earned ($0.23) earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Gray Media Inc. will post 1.8 earnings per share for the current fiscal year.

Gray Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Monday, June 15th. Gray Media’s dividend payout ratio (DPR) is presently -20.92%.

Hedge Funds Weigh In On Gray Media

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of Gray Media by 55.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,878,508 shares of the company’s stock valued at $13,932,000 after acquiring an additional 1,025,133 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Gray Media by 23.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,188,712 shares of the company’s stock valued at $25,113,000 after acquiring an additional 994,474 shares during the last quarter. Penn Capital Management Company LLC increased its stake in shares of Gray Media by 43.6% during the 3rd quarter. Penn Capital Management Company LLC now owns 3,236,997 shares of the company’s stock valued at $18,758,000 after acquiring an additional 983,415 shares during the last quarter. DSC Meridian Capital LP acquired a new position in shares of Gray Media during the 3rd quarter valued at about $5,432,000. Finally, AQR Capital Management LLC increased its stake in shares of Gray Media by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,361,807 shares of the company’s stock valued at $6,169,000 after acquiring an additional 590,704 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GTN has been the subject of several research analyst reports. Weiss Ratings downgraded Gray Media from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Zacks Research lowered shares of Gray Media from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Wall Street Zen raised shares of Gray Media from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Barrington Research reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Gray Media in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company boosted their price target on Gray Media from $5.50 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gray Media presently has a consensus rating of “Hold” and an average target price of $7.88.

View Our Latest Research Report on GTN

Gray Media Company Profile

(Get Free Report)

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.