Saga Communications, Inc. (NASDAQ:SGA - Get Free Report) major shareholder Edward K. Christian Trust sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $12.56, for a total value of $62,800.00. Following the transaction, the insider now directly owns 938,250 shares in the company, valued at $11,784,420. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Edward K. Christian Trust also recently made the following trade(s):
- On Friday, February 7th, Edward K. Christian Trust sold 1,750 shares of Saga Communications stock. The stock was sold at an average price of $12.75, for a total value of $22,312.50.
- On Wednesday, February 5th, Edward K. Christian Trust sold 5,651 shares of Saga Communications stock. The stock was sold at an average price of $12.72, for a total value of $71,880.72.
- On Thursday, January 30th, Edward K. Christian Trust sold 106 shares of Saga Communications stock. The stock was sold at an average price of $12.52, for a total value of $1,327.12.
- On Tuesday, January 28th, Edward K. Christian Trust sold 15 shares of Saga Communications stock. The stock was sold at an average price of $12.50, for a total value of $187.50.
- On Thursday, January 23rd, Edward K. Christian Trust sold 552 shares of Saga Communications stock. The stock was sold at an average price of $12.54, for a total value of $6,922.08.
- On Tuesday, January 21st, Edward K. Christian Trust sold 2,326 shares of Saga Communications stock. The stock was sold at an average price of $12.10, for a total value of $28,144.60.
- On Friday, December 13th, Edward K. Christian Trust sold 543 shares of Saga Communications stock. The stock was sold at an average price of $12.92, for a total value of $7,015.56.
Saga Communications Price Performance
Shares of NASDAQ SGA opened at $12.20 on Wednesday. Saga Communications, Inc. has a twelve month low of $10.75 and a twelve month high of $24.70. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $76.37 million, a price-to-earnings ratio of 16.94 and a beta of 0.27. The business has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $13.35.
Saga Communications Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.20%. Saga Communications's dividend payout ratio (DPR) is 138.89%.
Institutional Investors Weigh In On Saga Communications
A number of institutional investors have recently made changes to their positions in SGA. Gate City Capital Management LLC increased its holdings in shares of Saga Communications by 94.5% in the 4th quarter. Gate City Capital Management LLC now owns 863,845 shares of the company's stock valued at $9,528,000 after acquiring an additional 419,714 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Saga Communications in the 4th quarter valued at approximately $1,675,000. Krilogy Financial LLC bought a new stake in shares of Saga Communications in the 4th quarter valued at approximately $265,000. Jane Street Group LLC bought a new stake in shares of Saga Communications in the 4th quarter valued at approximately $115,000. Finally, Geode Capital Management LLC boosted its position in Saga Communications by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 58,432 shares of the company's stock valued at $645,000 after purchasing an additional 4,753 shares during the period. 74.28% of the stock is currently owned by institutional investors.
About Saga Communications
(
Get Free Report)
Saga Communications, Inc, a media company, engages in acquiring, developing, and operating broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, country, classic country, hot/soft/urban adult contemporary, oldies, classic rock, rock, and news/talk.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
