Empowered Funds LLC Acquires 1,340 Shares of Saga Communications, Inc. (NASDAQ:SGA)

Empowered Funds LLC grew its position in Saga Communications, Inc. (NASDAQ:SGA) by 5.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,390 shares of the company’s stock after purchasing an additional 1,340 shares during the quarter. Empowered Funds LLC’s holdings in Saga Communications were worth $393,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SGA. Aristides Capital LLC increased its position in Saga Communications by 12.7% in the second quarter. Aristides Capital LLC now owns 10,850 shares of the company’s stock worth $171,000 after buying an additional 1,220 shares in the last quarter. Marquette Asset Management LLC raised its stake in Saga Communications by 4.2% during the third quarter. Marquette Asset Management LLC now owns 22,111 shares of the company’s stock valued at $318,000 after purchasing an additional 894 shares in the last quarter. Renaissance Technologies LLC raised its position in 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 purchasing an additional 6,800 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 worth $5,691,000 after purchasing an additional 4,015 shares during the period. 74.28% of the stock is currently owned by hedge funds and other institutional investors.

Saga Communications Stock Performance

SGA stock opened at $13.19 on Monday. The business’s fifty day simple moving average is $13.91 and its two-hundred day simple moving average is $15.37. 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 firm has a market cap of $82.57 million, a price-to-earnings ratio of 18.32 and a beta of 0.26. Saga Communications, Inc. has a twelve month low of $11.71 and a twelve month high of $27.00.

Saga Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 annualized dividend and a yield of 7.58%. Saga Communications’s dividend payout ratio (DPR) is currently 138.89%.

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.