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

Saga Communications, Inc. (NASDAQ:SGA) major shareholder Edward K. Christian Trust sold 1,750 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $12.75, for a total value of $22,312.50. Following the transaction, the insider now owns 943,250 shares of the company’s stock, valued at $12,026,437.50. This represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Wednesday, February 5th, Edward K. Christian Trust sold 5,651 shares of Saga Communications stock. The shares were sold at an average price of $12.72, for a total value 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 shares were 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 shares were 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 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 value of $7,015.56.

Saga Communications Trading Up 1.0 %

NASDAQ:SGA opened at $12.53 on Friday. The stock has a market cap of $78.44 million, a price-to-earnings ratio of 17.40 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.64. Saga Communications, Inc. has a 1 year low of $10.75 and a 1 year high of $24.70. The business has a fifty day moving average of $12.00 and a 200-day moving average of $13.44.

Saga Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.98%. Saga Communications’s dividend payout ratio (DPR) is 138.89%.

Institutional Trading of Saga Communications

A number of institutional investors have recently made changes to their positions in SGA. Peapod Lane Capital LLC acquired a new position in shares of Saga Communications during the fourth quarter valued at approximately $1,675,000. Geode Capital Management LLC increased its position in shares of Saga Communications by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 58,432 shares of the company’s stock valued at $645,000 after purchasing an additional 4,753 shares during the period. Empowered Funds LLC raised its stake in shares of Saga Communications by 4.6% in the 4th quarter. Empowered Funds LLC now owns 28,637 shares of the company’s stock worth $316,000 after buying an additional 1,247 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of Saga Communications in the 4th quarter worth $265,000. Finally, Aristides Capital LLC lifted its holdings 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 buying an additional 1,310 shares during the period. 74.28% of the stock is owned by institutional investors and hedge funds.

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.