Sinclair (NASDAQ:SBGI) Trading Down 3.1%

Sinclair, Inc. (NASDAQ:SBGI)’s share price fell 3.1% during trading on Tuesday . The stock traded as low as $12.92 and last traded at $12.97. 13,180 shares were traded during trading, a decline of 97% from the average session volume of 442,366 shares. The stock had previously closed at $13.38.

Analyst Ratings Changes

Separately, StockNews.com raised Sinclair from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.14.

Sinclair Stock Performance

The business has a fifty day simple moving average of $12.91 and a two-hundred day simple moving average of $13.49. The company has a debt-to-equity ratio of 15.29, a current ratio of 1.42 and a quick ratio of 1.42.

Sinclair (NASDAQ:SBGI) last issued its earnings results on Wednesday, May 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.97. The company had revenue of $798.00 million for the quarter, compared to the consensus estimate of $798.68 million. Sinclair had a negative return on equity of 2.65% and a negative net margin of 14.34%. On average, equities analysts predict that Sinclair, Inc. will post 3.75 earnings per share for the current year.

Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend was Monday, June 3rd. Sinclair’s dividend payout ratio (DPR) is presently -14.04%.

Institutional Trading of Sinclair

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBGI. Fidelis Capital Partners LLC bought a new stake in shares of Sinclair during the 1st quarter worth approximately $49,000. NBC Securities Inc. lifted its stake in shares of Sinclair by 35.1% during the 4th quarter. NBC Securities Inc. now owns 3,845 shares of the company’s stock worth $50,000 after acquiring an additional 1,000 shares during the last quarter. EntryPoint Capital LLC lifted its stake in shares of Sinclair by 37.2% during the 1st quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock worth $54,000 after acquiring an additional 1,085 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Sinclair during the 1st quarter worth approximately $76,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Sinclair during the 4th quarter worth approximately $117,000. Institutional investors own 41.71% of the company’s stock.

About Sinclair

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.