Edward K. Christian Trust Sells 5,000 Shares of Saga Communications, Inc. (NASDAQ:SGA) Stock

Saga Communications, Inc. (NASDAQ:SGA - Get Free Report) major shareholder Edward K. Christian Trust sold 5,000 shares of Saga Communications stock in a transaction on Friday, February 14th. The shares were sold at an average price of $12.56, for a total transaction of $62,800.00. Following the completion of the sale, the insider now owns 938,250 shares of the company's stock, valued at $11,784,420. This represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 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, 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 transaction 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 transaction of $71,880.72.
• On Thursday, January 30th, Edward K. Christian Trust sold 106 shares of Saga Communications stock. The shares were 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 shares were 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 shares were sold at an average price of $12.92, for a total transaction of $7,015.56.

Saga Communications Stock Down 0.9 %

SGA traded down $0.11 during trading on Friday, hitting $12.03. 2,894 shares of the company's stock were exchanged, compared to its average volume of 11,915. The stock has a market cap of $75.31 million, a P/E ratio of 16.71 and a beta of 0.27. The business's 50 day moving average is $12.02 and its two-hundred day moving average is $13.32. Saga Communications, Inc. has a fifty-two week low of $10.75 and a fifty-two week high of $24.67. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Saga Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.00 annualized dividend and a yield of 8.31%. Saga Communications's payout ratio is 138.89%.

Hedge Funds Weigh In On Saga Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. Gate City Capital Management LLC raised its stake in shares of Saga Communications by 94.5% in the fourth quarter. Gate City Capital Management LLC now owns 863,845 shares of the company's stock worth $9,528,000 after purchasing an additional 419,714 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in Saga Communications during the fourth quarter worth $1,675,000. Krilogy Financial LLC bought a new stake in Saga Communications during the fourth quarter worth $265,000. Jane Street Group LLC bought a new stake in Saga Communications in the 4th quarter worth about $115,000. Finally, Geode Capital Management LLC increased its stake in Saga Communications by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 58,432 shares of the company's stock valued at $645,000 after buying an additional 4,753 shares during the last quarter. Institutional investors and hedge funds own 74.28% of the company's stock.

Saga Communications Company Profile

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.