Saga Communications, Inc. (NASDAQ:SGA - Get Free Report) shares traded down 5.3% during trading on Monday . The stock traded as low as $12.01 and last traded at $12.06. 17,610 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 15,771 shares. The stock had previously closed at $12.73.
Saga Communications Stock Performance
The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64. The firm has a fifty day simple moving average of $13.22 and a 200 day simple moving average of $14.53. The company has a market capitalization of $75.88 million, a price-to-earnings ratio of 16.83 and a beta of 0.23.
Saga Communications Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 25th. This represents a $1.00 annualized dividend and a dividend yield of 8.25%. Saga Communications's dividend payout ratio is presently 138.89%.
Institutional Investors Weigh In On Saga Communications
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marquette Asset Management LLC increased its position in Saga Communications by 4.2% during the 3rd quarter. Marquette Asset Management LLC now owns 22,111 shares of the company's stock worth $318,000 after purchasing an additional 894 shares in the last quarter. Aristides Capital LLC boosted its holdings in shares of Saga Communications by 12.7% in the 2nd quarter. Aristides Capital LLC now owns 10,850 shares of the company's stock valued at $171,000 after buying an additional 1,220 shares during the period. Empowered Funds LLC lifted its holdings in shares of Saga Communications by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 27,390 shares of the company's stock worth $393,000 after purchasing an additional 1,340 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Saga Communications by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 53,679 shares of the company's stock worth $771,000 after acquiring an additional 2,986 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Saga Communications by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the company's stock worth $5,691,000 after purchasing an additional 4,015 shares during the period. 74.28% of the stock is currently owned by institutional investors and hedge funds.
Saga Communications Company Profile
(
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.
Further Reading
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