Aristides Capital LLC Raises Stock Holdings in Saga Communications, Inc. (NASDAQ:SGA)

Aristides Capital LLC boosted its position in shares of Saga Communications, Inc. (NASDAQ:SGA) by 12.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,850 shares of the company’s stock after buying an additional 1,220 shares during the quarter. Aristides Capital LLC’s holdings in Saga Communications were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SGA. Gate City Capital Management LLC purchased a new stake in shares of Saga Communications in the 4th quarter worth about $10,195,000. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 4,015 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Saga Communications by 5.9% during the second quarter. Renaissance Technologies LLC now owns 122,744 shares of the company’s stock valued at $1,933,000 after acquiring an additional 6,800 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Saga Communications by 37.5% in the 1st quarter. Empowered Funds LLC now owns 24,250 shares of the company’s stock worth $541,000 after purchasing an additional 6,614 shares in the last quarter. Finally, Lokken Investment Group LLC bought a new stake in Saga Communications in the 4th quarter worth about $200,000. Hedge funds and other institutional investors own 74.28% of the company’s stock.

Saga Communications Trading Down 0.5 %

NASDAQ:SGA opened at $14.29 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 $14.06 and a 12 month high of $27.00. The company has a market cap of $89.50 million, a PE ratio of 12.76 and a beta of 0.26. The company has a 50 day simple moving average of $14.93 and a two-hundred day simple moving average of $17.75.

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

Saga Communications Announces Dividend

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Saga Communications’s dividend payout ratio is presently 89.29%.

Saga Communications 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.