Edward K. Christian Trust Sells 1,750 Shares of Saga Communications, Inc. (NASDAQ:SGA) Stock

Saga Communications, Inc. (NASDAQ:SGA - Get Free Report) major shareholder Edward K. Christian Trust sold 1,750 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $12.75, for a total transaction of $22,312.50. Following the completion of the sale, the insider now directly owns 943,250 shares of the company's stock, valued at $12,026,437.50. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $28,144.60.
• On Friday, December 13th, Edward K. Christian Trust sold 543 shares of Saga Communications stock. The shares were sold at an average price of $12.92, for a total transaction of $7,015.56.

Saga Communications Stock Up 0.6 %

SGA traded up $0.08 during midday trading on Friday, hitting $12.61. 28,003 shares of the company's stock traded hands, compared to its average volume of 13,304. The company has a market cap of $78.95 million, a PE ratio of 17.51 and a beta of 0.27. The stock's fifty day simple moving average is $12.01 and its 200-day simple moving average is $13.41. 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, Inc. has a one year low of $10.75 and a one year high of $24.70.

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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Tuesday, February 18th. Saga Communications's dividend payout ratio is 138.89%.

Hedge Funds Weigh In On Saga Communications

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new position in shares of Saga Communications in the fourth quarter valued at approximately $115,000. Aristides Capital LLC raised its position in shares of Saga Communications by 12.1% in the fourth quarter. Aristides Capital LLC now owns 12,160 shares of the company's stock valued at $134,000 after purchasing an additional 1,310 shares during the period. Northern Trust Corp raised its position in shares of Saga Communications by 10.4% in the fourth quarter. Northern Trust Corp now owns 13,874 shares of the company's stock valued at $153,000 after purchasing an additional 1,306 shares during the period. Krilogy Financial LLC bought a new position in shares of Saga Communications in the fourth quarter valued at approximately $265,000. Finally, Empowered Funds LLC raised its position in shares of Saga Communications by 4.6% in the fourth quarter. Empowered Funds LLC now owns 28,637 shares of the company's stock valued at $316,000 after purchasing an additional 1,247 shares during the period. Institutional investors 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.