Sinclair (NASDAQ:SBGI) Trading Up 13.2% After Dividend Announcement

Shares of Sinclair, Inc. (NASDAQ:SBGI) rose 13.2% on Thursday following a dividend announcement from the company. The company traded as high as $15.75 and last traded at $15.7420. 243,931 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 462,953 shares. The stock had previously closed at $13.91.

The newly announced dividend which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, August 31st. Sinclair’s payout ratio is 111.11%.

Analyst Ratings Changes

SBGI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Sinclair from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company cut their target price on Sinclair from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $17.00 price target on Sinclair in a research note on Wednesday, April 15th. Weiss Ratings upgraded shares of Sinclair from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Finally, Guggenheim decreased their price objective on shares of Sinclair from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.20.

Sinclair Stock Performance

The firm has a market cap of $1.12 billion, a PE ratio of 17.55 and a beta of 1.06. The stock has a 50-day moving average price of $14.05 and a 200 day moving average price of $14.35. The company has a debt-to-equity ratio of 11.10, a current ratio of 2.42 and a quick ratio of 2.42.

Sinclair (NASDAQ:SBGI) last released its earnings results on Wednesday, August 5th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.82). Sinclair had a negative return on equity of 12.62% and a net margin of 2.00%.The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $838.99 million. During the same quarter last year, the company posted ($0.91) earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts forecast that Sinclair, Inc. will post 1.68 earnings per share for the current year.

Key Sinclair News

Here are the key news stories impacting Sinclair this week:

• Positive Sentiment: Revenue exceeded expectations and grew year over year. Sinclair reported second-quarter revenue of $840 million, slightly above the $838.99 million consensus estimate and up 7.1% from the prior-year period. Sinclair Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The quarterly dividend supports the stock’s income appeal. Sinclair declared a $0.25-per-share dividend payable September 15 to shareholders of record August 31. Based on the provided stock information, the dividend represents an annualized yield of approximately 7.2%. Sinclair Declares Quarterly Cash Dividend
• Positive Sentiment: Possible removal of the FCC’s 39% ownership cap could create strategic upside. CEO Chris Ripley expressed strong support for the expected repeal, which could give Sinclair more flexibility to acquire or consolidate local television stations and expand scale. Sinclair CEO Discusses Expected FCC Ownership-Cap Repeal
• Neutral Sentiment: Full-year revenue guidance was set at $3.4 billion to $3.5 billion. The range reaches the current $3.5 billion consensus estimate but does not imply material upside, leaving future results dependent on operating execution and political or advertising trends.
• Negative Sentiment: Profitability was substantially weaker than expected. Sinclair posted a second-quarter loss of $1.06 per share, compared with consensus estimates for a loss of roughly $0.13 to $0.24 per share and a loss of $0.91 a year earlier. The larger loss, along with negative return on equity and high leverage, remains a key risk for investors. Sinclair Reports Q2 Loss

Insiders Place Their Bets

In other Sinclair news, Director Daniel C. Keith sold 17,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $15.02, for a total transaction of $255,340.00. Following the completion of the sale, the director owned 25,122 shares of the company’s stock, valued at approximately $377,332.44. The trade was a 40.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.10% of the company’s stock.

Institutional Trading of Sinclair

A number of institutional investors and hedge funds have recently bought and sold shares of SBGI. Geneos Wealth Management Inc. raised its holdings in Sinclair by 142.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock valued at $25,000 after buying an additional 1,065 shares during the period. Hilton Head Capital Partners LLC acquired a new position in shares of Sinclair during the 4th quarter valued at $32,000. Tower Research Capital LLC TRC boosted its position in Sinclair by 175.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock worth $41,000 after purchasing an additional 1,882 shares during the period. Aquatic Capital Management LLC acquired a new stake in Sinclair in the 3rd quarter valued at $48,000. Finally, Raymond James Financial Inc. purchased a new position in Sinclair in the second quarter valued at about $54,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Sinclair Company Profile

Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.

At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.