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

Posted by Max Byerly on Feb 21st, 2025

Saga Communications, Inc. (NASDAQ:SGA – Get Free Report) major shareholder Edward K. Christian Trust sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $12.56, for a total value of $62,800.00. Following the transaction, the insider now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $12.75, for a total value of $22,312.50.
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 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 shares were 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 shares were 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 Down 1.0 %

Saga Communications stock opened at $12.14 on Friday. Saga Communications, Inc. has a 12 month low of $10.75 and a 12 month 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. The business has a 50 day moving average price of $12.03 and a two-hundred day moving average price of $13.34. The stock has a market cap of $76.00 million, a price-to-earnings ratio of 16.86 and a beta of 0.27.

Saga Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.24%. Saga Communications’s payout ratio is presently 138.89%.

Hedge Funds Weigh In On Saga Communications

A number of hedge funds have recently modified their holdings of the stock. Gate City Capital Management LLC raised its holdings in shares of Saga Communications by 94.5% in the 4th quarter. Gate City Capital Management LLC now owns 863,845 shares of the company’s stock worth $9,528,000 after buying an additional 419,714 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Saga Communications by 1.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 78,053 shares of the company’s stock worth $861,000 after buying an additional 847 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Saga Communications in the 4th quarter worth approximately $115,000. Northern Trust Corp raised its holdings in shares of Saga Communications by 10.4% in the 4th quarter. Northern Trust Corp now owns 13,874 shares of the company’s stock worth $153,000 after buying an additional 1,306 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Saga Communications by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 354,831 shares of the company’s stock worth $3,914,000 after buying an additional 1,770 shares in the last quarter. 74.28% of the stock is 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.