Aristides Capital LLC Acquires 1,220 Shares of Saga Communications, Inc. (NASDAQ:SGA)

Aristides Capital LLC boosted its holdings in Saga Communications, Inc. (NASDAQ:SGA) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,850 shares of the company’s stock after acquiring an additional 1,220 shares during the quarter. Aristides Capital LLC owned 0.17% of Saga Communications worth $171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in Saga Communications by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 122,744 shares of the company’s stock worth $1,933,000 after buying an additional 6,800 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 4,015 shares in the last quarter. Perritt Capital Management Inc. grew its position in Saga Communications by 200.0% in the first quarter. Perritt Capital Management Inc. now owns 3,000 shares of the company’s stock worth $67,000 after acquiring an additional 2,000 shares in the last quarter. Empowered Funds LLC increased its stake in Saga Communications by 37.5% in the first 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 last quarter. Finally, Gate City Capital Management LLC purchased a new stake in Saga Communications during the fourth quarter valued at about $10,195,000. Hedge funds and other institutional investors own 74.28% of the company’s stock.

Saga Communications Price Performance

SGA opened at $14.29 on Wednesday. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $89.50 million, a P/E ratio of 12.76 and a beta of 0.26. The stock has a 50-day moving average price of $14.93 and a 200-day moving average price of $17.75. Saga Communications, Inc. has a 12-month low of $14.06 and a 12-month high of $27.00.

Saga Communications (NASDAQ:SGA) last issued its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.23). The firm had revenue of $28.74 million during the quarter. Saga Communications had a return on equity of 4.00% and a net margin of 5.51%. During the same period in the prior year, the company posted $0.55 earnings per share. Equities analysts predict that Saga Communications, Inc. will post 0.49 earnings per share for the current fiscal year.

Saga Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Saga Communications’s payout ratio is presently 89.29%.

Saga Communications Profile

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.