Edward K. Christian Trust Sells 2,326 Shares of Saga Communications, Inc. (NASDAQ:SGA) Stock

Saga Communications, Inc. (NASDAQ:SGA) major shareholder Edward K. Christian Trust sold 2,326 shares of Saga Communications stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $12.10, for a total value of $28,144.60. Following the completion of the sale, the insider now owns 962,280 shares in the company, valued at $11,643,588. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Edward K. Christian Trust also recently made the following trade(s):

• 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 Trading Up 1.0 %

NASDAQ SGA opened at $12.53 on Friday. Saga Communications, Inc. has a 12 month low of $10.75 and a 12 month high of $24.70. The stock has a market capitalization of $78.44 million, a P/E ratio of 17.40 and a beta of 0.26. The firm’s 50-day moving average is $11.99 and its two-hundred day moving average is $13.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64.

Saga Communications (NASDAQ:SGA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Saga Communications had a net margin of 4.24% and a return on equity of 3.22%. The firm had revenue of $28.12 million during the quarter, compared to analysts’ expectations of $28.70 million. During the same quarter last year, the company posted $0.45 EPS. On average, sell-side analysts anticipate that Saga Communications, Inc. will post 0.23 earnings per share for the current year.

Saga Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.98%. Saga Communications’s payout ratio is presently 138.89%.

Hedge Funds Weigh In On Saga Communications

Hedge funds have recently bought and sold shares of the company. Marquette Asset Management LLC grew its position in Saga Communications by 4.2% in the 3rd quarter. Marquette Asset Management LLC now owns 22,111 shares of the company’s stock valued at $318,000 after acquiring an additional 894 shares in the last quarter. Aristides Capital LLC grew its holdings in shares of Saga Communications by 12.7% in the second quarter. Aristides Capital LLC now owns 10,850 shares of the company’s stock valued at $171,000 after purchasing an additional 1,220 shares in the last quarter. Empowered Funds LLC increased its stake in Saga Communications by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 27,390 shares of the company’s stock worth $393,000 after buying an additional 1,340 shares during the period. Geode Capital Management LLC lifted its holdings in Saga Communications by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 53,679 shares of the company’s stock worth $771,000 after buying an additional 2,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Saga Communications by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the company’s stock valued at $5,691,000 after buying an additional 4,015 shares during the period. Institutional investors and hedge funds own 74.28% of the company’s stock.

About Saga Communications

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.