Cwa Asset Management Group buys $2.5 Million stake in Ballantyne Strong Inc (BTN)

Ballantyne Strong Inc (BTN) : Cwa Asset Management Group scooped up 102,083 additional shares in Ballantyne Strong Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 540,702 shares of Ballantyne Strong Inc which is valued at $2.5 Million.Ballantyne Strong Inc makes up approximately 2.51% of Cwa Asset Management Group’s portfolio.

Other Hedge Funds, Including , Ancora Advisors boosted its stake in BTN in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 134,819 shares of Ballantyne Strong Inc which is valued at $628,257. Ballantyne Strong Inc makes up approx 0.08% of Ancora Advisors’s portfolio.New York State Common Retirement Fund boosted its stake in BTN in the latest quarter, The investment management firm added 1,873 additional shares and now holds a total of 222,872 shares of Ballantyne Strong Inc which is valued at $1 Million.

Ballantyne Strong Inc opened for trading at $4.95 and hit $4.98 on the upside on Wednesday, eventually ending the session at $4.96, with a gain of 0.81% or 0.04 points. The heightened volatility saw the trading volume jump to 27,882 shares. Company has a market cap of $70 M.

Ballantyne Strong Inc. designs integrates and installs technology solutions for a range of applications; develops and delivers out-of-home messaging advertising and communications; manufactures projection screens and lighting products and provides managed services including monitoring of networked equipment to its customers. The Company is focused on the retail financial government and cinema markets. The Company operates in two segments: Systems Integration and Managed Services. The Systems Integration Segment includes the sale of digital projection equipment screens sound systems in addition to the design assembly and sale of followspots and other lighting products. The Managed Service Segment includes the delivery of end to end digital signage solutions video communication solutions content creation and management and service of digital signage and digital cinema equipment.

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