Saga Communications (NASDAQ:SGA) Stock Price Up 0.5% (2024)

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.

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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.

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Saga Communications (NASDAQ:SGA) Stock Price Up 0.5% (2024)

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