Trading Report: The Saga Communications, Inc. (SGA) Major Shareholder Sold $243,000.00 in Stock

The Saga Communications, Inc. (SGA) Major Shareholder Sold $243,000.00 in Stock

Saga Communications, Inc. (NYSEMKT:SGA) major shareholder Towerview Llc sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $48.60, for a total transaction of $243,000.00. Following the transaction, the insider now directly owns 1,285,000 shares of the company’s stock, valued at $62,451,000. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 transaction 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 transaction of $100,093.20. On Friday, November 11th, Towerview Llc sold 7,656 shares of Saga Communications stock. The stock was sold at an average price of $47.32, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $19,080.60.

Shares of Saga Communications, Inc. (NYSEMKT:SGA) opened at 48.85 on Monday. Saga Communications, Inc. has a 12 month low of $35.77 and a 12 month high of $48.95. The company has a 50-day moving average of $45.53 and a 200 day moving average of $42.85. The company has a market capitalization of $286.26 million, a P/E ratio of 16.96 and a beta of 1.55.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Monday, December 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, December 1st. Saga Communications’s payout ratio is 40.00%.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Saga Communications by 0.4% in the second quarter. Vanguard Group Inc. now owns 146,326 shares of the company’s stock worth $5,786,000 after buying an additional 531 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its stake in shares of Saga Communications by 4.4% in the third quarter. Uniplan Investment Counsel Inc. now owns 128,153 shares of the company’s stock worth $5,810,000 after buying an additional 5,412 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Saga Communications by 9.0% in the third quarter. BlackRock Fund Advisors now owns 103,797 shares of the company’s stock worth $4,706,000 after buying an additional 8,608 shares during the last quarter. WCM Investment Management CA boosted its stake in shares of Saga Communications by 1.8% in the third quarter. WCM Investment Management CA now owns 41,865 shares of the company’s stock worth $1,898,000 after buying an additional 730 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 worth $1,180,000 after buying an additional 429 shares during the last quarter.

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