Headlands Technologies LLC Has $62,000 Stake in Sinclair, Inc. (NASDAQ:SBGI)

Headlands Technologies LLC grew its holdings in Sinclair, Inc. (NASDAQ:SBGI) by 1,039.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,647 shares of the company’s stock after purchasing an additional 4,239 shares during the quarter. Headlands Technologies LLC’s holdings in Sinclair were worth $62,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gamco Investors INC. ET AL grew its holdings in Sinclair by 2.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,591,266 shares of the company’s stock valued at $48,374,000 after buying an additional 85,070 shares during the last quarter. Capital Management Corp VA grew its holdings in shares of Sinclair by 36.7% during the 1st quarter. Capital Management Corp VA now owns 2,006,720 shares of the company’s stock worth $27,031,000 after purchasing an additional 538,740 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sinclair by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,889,863 shares of the company’s stock valued at $24,626,000 after purchasing an additional 78,793 shares during the period. Gabelli Funds LLC raised its stake in shares of Sinclair by 1.0% in the first quarter. Gabelli Funds LLC now owns 1,188,000 shares of the company’s stock valued at $16,002,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sinclair by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 648,481 shares of the company’s stock valued at $8,450,000 after purchasing an additional 13,874 shares in the last quarter. 41.71% of the stock is owned by institutional investors and hedge funds.

Sinclair Stock Up 1.4 %

SBGI opened at $14.00 on Tuesday. The company has a market capitalization of $926.49 million, a P/E ratio of -1.97, a P/E/G ratio of 0.11 and a beta of 1.54. The company has a debt-to-equity ratio of 14.93, a current ratio of 1.78 and a quick ratio of 1.78. The firm’s fifty day moving average price is $13.90 and its two-hundred day moving average price is $13.21. Sinclair, Inc. has a fifty-two week low of $9.39 and a fifty-two week high of $17.58.

Sinclair (NASDAQ:SBGI) last issued its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.40. Sinclair had a negative net margin of 10.78% and a positive return on equity of 22.55%. The business had revenue of $829.00 million for the quarter, compared to analyst estimates of $836.65 million. During the same period in the previous year, the business earned ($1.09) EPS. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Sinclair, Inc. will post 4.57 EPS for the current year.

Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 7.14%. Sinclair’s dividend payout ratio (DPR) is presently -14.04%.

Sinclair Profile

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.