Empowered Funds LLC Increases Holdings in Saga Communications, Inc. (NASDAQ:SGA)

Empowered Funds LLC increased its position in Saga Communications, Inc. (NASDAQ:SGA) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,637 shares of the company’s stock after purchasing an additional 1,247 shares during the quarter. Empowered Funds LLC owned 0.46% of Saga Communications worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Krilogy Financial LLC acquired a new position in shares of Saga Communications in the 4th quarter valued at about $265,000. 74.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Saga Communications

In other Saga Communications news, major shareholder Gate City Capital Management, bought 240,609 shares of the stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of $11.25 per share, with a total value of $2,706,851.25. Following the purchase, the insider now directly owns 863,845 shares in the company, valued at $9,718,256.25. The trade was a 38.61 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Edward K. Christian Trust sold 5,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $12.56, for a total transaction of $62,800.00. Following the transaction, the insider now owns 938,250 shares in the company, valued at approximately $11,784,420. This represents a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,943 shares of company stock valued at $200,590. 21.90% of the stock is currently owned by corporate insiders.

Saga Communications Price Performance

SGA opened at $12.14 on Friday. Saga Communications, Inc. has a fifty-two week low of $10.75 and a fifty-two week 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 company’s 50-day moving average price is $12.03 and its 200 day moving average price is $13.34. The firm has a market cap of $76.01 million, a price-to-earnings ratio of 16.86 and a beta of 0.27.

Saga Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.24%. The ex-dividend date is Tuesday, February 18th. Saga Communications’s dividend payout ratio (DPR) is 138.89%.

Saga Communications Company 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.