Shares of Saga Communications, Inc. (NASDAQ:SGA - Get Free Report) traded up 0.5% on Thursday . The stock traded as high as $15.86 and last traded at $15.43. 1,296 shares traded hands during trading, a decline of 94% from the average session volume of 21,654 shares. The stock had previously closed at $15.35.
Saga Communications Stock Performance
The company has a 50 day moving average of $18.37 and a 200 day moving average of $21.32. The stock has a market capitalization of $93.66 million, a price-to-earnings ratio of 13.35 and a beta of 0.28.
Saga Communications (NASDAQ:SGA - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.14) EPS for the quarter. Saga Communications had a net margin of 6.25% and a return on equity of 4.41%. The firm had revenue of $24.66 million during the quarter, compared to analyst estimates of $24.30 million. On average, equities analysts predict that Saga Communications, Inc. will post 1.65 EPS for the current fiscal year.
Saga Communications Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date was Monday, June 3rd. Saga Communications's dividend payout ratio (DPR) is presently 89.29%.
Institutional Trading of Saga Communications
A number of hedge funds and other institutional investors have recently modified their holdings of SGA. Perritt Capital Management Inc. grew its holdings in shares of Saga Communications by 200.0% during the 1st quarter. Perritt Capital Management Inc. now owns 3,000 shares of the company's stock worth $67,000 after purchasing an additional 2,000 shares during the period. Empowered Funds LLC boosted its holdings in Saga Communications by 37.5% during the 1st quarter. Empowered Funds LLC now owns 24,250 shares of the company's stock valued at $541,000 after acquiring an additional 6,614 shares during the period. Gate City Capital Management LLC purchased a new position in Saga Communications during the 4th quarter valued at about $10,195,000. Lokken Investment Group LLC purchased a new position in Saga Communications during the 4th quarter valued at about $200,000. Finally, Acuitas Investments LLC boosted its holdings in Saga Communications by 18.9% during the 4th quarter. Acuitas Investments LLC now owns 123,392 shares of the company's stock valued at $2,747,000 after acquiring an additional 19,650 shares during the period. 74.28% of the stock is owned by institutional investors and hedge funds.
About Saga Communications
(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.
See Also
- Five stocks we like better than Saga Communications
- Stock Market Upgrades: What Are They?
- Constellation Brands Stock Q1 2025: Crushing Anheuser-Busch?
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Qualcomm Stock Continues to Rise in the Face of Negative News
- Pros And Cons Of Monthly Dividend Stocks
- Top 3 Summer Stocks with Solid Growth Opportunities
→ Prepare NOW for Election Chaos (From Paradigm Press) (Ad)
Should you invest $1,000 in Saga Communications right now?
Before you consider Saga Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saga Communications wasn't on the list.
While Saga Communications currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Beginners Guide To Retirement Stocks
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report