Los Angeles Capital Management LLC Raises Stock Holdings in Sinclair, Inc. (NASDAQ:SBGI)

Los Angeles Capital Management LLC increased its stake in shares of Sinclair, Inc. (NASDAQ:SBGI) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,666 shares of the company’s stock after purchasing an additional 3,440 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sinclair were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of Sinclair during the second quarter worth about $28,000. Fidelis Capital Partners LLC purchased a new stake in Sinclair in the 1st quarter worth approximately $49,000. NBC Securities Inc. raised its holdings in Sinclair by 35.1% in the 4th quarter. NBC Securities Inc. now owns 3,845 shares of the company’s stock valued at $50,000 after acquiring an additional 1,000 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Sinclair by 37.2% during the 1st quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock worth $54,000 after purchasing an additional 1,085 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Sinclair during the first quarter worth $76,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Sinclair Price Performance

Shares of NASDAQ:SBGI opened at $13.80 on Friday. The company has a market cap of $915.77 million, a P/E ratio of -1.94, a P/E/G ratio of 0.10 and a beta of 1.54. The business has a fifty day simple moving average of $13.88 and a 200-day simple moving average of $13.22. Sinclair, Inc. has a 52 week low of $9.39 and a 52 week high of $17.58. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 14.93.

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

Sinclair Announces Dividend

The business also recently declared 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. This represents a $1.00 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend was Friday, August 30th. Sinclair’s dividend payout ratio (DPR) is -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.