Marquette Asset Management LLC Grows Stock Holdings in Saga Communications, Inc. (NASDAQ:SGA)

Marquette Asset Management LLC boosted its stake in shares of Saga Communications, Inc. (NASDAQ:SGA) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,111 shares of the company’s stock after purchasing an additional 894 shares during the period. Marquette Asset Management LLC’s holdings in Saga Communications were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SGA. Gate City Capital Management LLC purchased a new stake in Saga Communications in the 4th quarter worth approximately $10,195,000. Empowered Funds LLC boosted its position in shares of Saga Communications by 37.5% in the first quarter. Empowered Funds LLC now owns 24,250 shares of the company’s stock worth $541,000 after purchasing an additional 6,614 shares during the period. Renaissance Technologies LLC increased its stake in shares of Saga Communications by 5.9% in the second quarter. Renaissance Technologies LLC now owns 122,744 shares of the company’s stock worth $1,933,000 after purchasing an additional 6,800 shares in the last quarter. Aristides Capital LLC raised its position in shares of Saga Communications by 12.7% during the 2nd quarter. Aristides Capital LLC now owns 10,850 shares of the company’s stock valued at $171,000 after purchasing an additional 1,220 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Saga Communications by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the company’s stock valued at $5,691,000 after buying an additional 4,015 shares in the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.

Saga Communications Stock Performance

NASDAQ:SGA opened at $14.04 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. Saga Communications, Inc. has a 12-month low of $13.91 and a 12-month high of $27.00. The stock has a 50-day moving average price of $14.82 and a 200 day moving average price of $17.45. The stock has a market capitalization of $87.90 million, a P/E ratio of 12.53 and a beta of 0.26.

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

Saga Communications Dividend Announcement

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

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.