Marquette Asset Management LLC Boosts Position in Saga Communications, Inc. (NASDAQ:SGA)

Marquette Asset Management LLC lifted its holdings in shares of Saga Communications, Inc. (NASDAQ:SGA) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,111 shares of the company’s stock after acquiring an additional 894 shares during the quarter. Marquette Asset Management LLC owned approximately 0.35% of Saga Communications worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gate City Capital Management LLC bought a new stake in Saga Communications during the 4th quarter valued at approximately $10,195,000. Renaissance Technologies LLC lifted its stake in shares of Saga Communications by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 122,744 shares of the company’s stock valued at $1,933,000 after purchasing an additional 6,800 shares during the period. Empowered Funds LLC boosted its position in shares of Saga Communications by 37.5% during the first quarter. Empowered Funds LLC now owns 24,250 shares of the company’s stock valued at $541,000 after purchasing an additional 6,614 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 4,015 shares during the period. Finally, Perritt Capital Management Inc. raised its holdings 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 purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.

Saga Communications Stock Performance

Shares of Saga Communications stock opened at $14.04 on Wednesday. Saga Communications, Inc. has a 12 month low of $13.91 and a 12 month high of $27.00. The firm has a market capitalization of $87.90 million, a P/E ratio of 12.53 and a beta of 0.26. 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 business has a fifty day simple moving average of $14.82 and a two-hundred day simple moving average of $17.45.

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

Saga Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.00 annualized dividend and a dividend yield of 7.13%. Saga Communications’s payout ratio is presently 89.29%.

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.