Today, 5,000 Shares of Saga Communications, Inc. (SGA) Stock are sold by Towerview Llc

Today, 5,000 Shares of Saga Communications, Inc. (SGA) Stock are sold by Towerview Llc
Saga Communications, Inc. (NYSEMKT:SGA) major shareholder Towerview Llc sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $48.60, for a total value of $243,000.00. Following the transaction, the insider now owns 1,285,000 shares in the company, valued at approximately $62,451,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Towerview Llc also recently made the following trade(s): On Friday, November 18th, Towerview Llc sold 4,491 shares of Saga Communications stock. The stock was sold at an average price of $48.12, for a total value of $216,106.92. On Monday, November 14th, Towerview Llc sold 2,094 shares of Saga Communications stock. The stock was sold at an average price of $47.80, for a total value of $100,093.20. On Friday, November 11th, Towerview Llc sold 7,656 shares of Saga Communications stock. The shares were sold at an average price of $47.32, for a total value of $362,281.92. On Thursday, October 20th, Towerview Llc sold 86 shares of Saga Communications stock. The shares were sold at an average price of $47.00, for a total value of $4,042.00. On Wednesday, October 19th, Towerview Llc sold 5,034 shares of Saga Communications stock. The shares were sold at an average price of $46.72, for a total value of $235,188.48. On Tuesday, October 11th, Towerview Llc sold 139 shares of Saga Communications stock. The shares were sold at an average price of $46.50, for a total value of $6,463.50. On Monday, October 10th, Towerview Llc sold 2,587 shares of Saga Communications stock. The shares were sold at an average price of $46.32, for a total value of $119,829.84. On Tuesday, October 4th, Towerview Llc sold 413 shares of Saga Communications stock. The shares were sold at an average price of $46.20, for a total value of $19,080.60.

Saga Communications, Inc. (NYSEMKT:SGA) opened at 48.80 on Friday. The stock has a market cap of $285.97 million, a P/E ratio of 16.94 and a beta of 1.55. The company’s 50-day moving average price is $45.46 and its 200-day moving average price is $42.81. Saga Communications, Inc. has a 12 month low of $35.77 and a 12 month high of $48.95.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Monday, December 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, December 1st. Saga Communications’s dividend payout ratio (DPR) is presently 40.00%.

A number of institutional investors have recently modified their holdings of SGA. BlackRock Advisors LLC boosted its position in Saga Communications by 12.7% in the third quarter. BlackRock Advisors LLC now owns 2,371 shares of the company’s stock valued at $108,000 after buying an additional 268 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Saga Communications by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 26,021 shares of the company’s stock valued at $1,180,000 after buying an additional 429 shares during the last quarter. WCM Investment Management CA boosted its position in Saga Communications by 1.8% in the third quarter. WCM Investment Management CA now owns 41,865 shares of the company’s stock valued at $1,898,000 after buying an additional 730 shares during the last quarter. Teachers Advisors Inc. boosted its position in Saga Communications by 7.1% in the second quarter. Teachers Advisors Inc. now owns 5,524 shares of the company’s stock valued at $218,000 after buying an additional 366 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Saga Communications by 702.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,881 shares of the company’s stock valued at $114,000 after buying an additional 2,522 shares during the last quarter.

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