Insider Selling: Saga Communications, Inc. (NASDAQ:SGA) Major Shareholder Sells $62,800.00 in Stock

Posted by Tyrone Williams on Feb 21st, 2025

Saga Communications, Inc. (NASDAQ:SGA – Get Free Report) major shareholder Edward K. Christian Trust sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $12.56, for a total value of $62,800.00. Following the completion of the transaction, the insider now owns 938,250 shares in the company, valued at $11,784,420. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Edward K. Christian Trust also recently made the following trade(s):

On Friday, February 7th, Edward K. Christian Trust sold 1,750 shares of Saga Communications stock. The shares were sold at an average price of $12.75, for a total value of $22,312.50.
On Wednesday, February 5th, Edward K. Christian Trust sold 5,651 shares of Saga Communications stock. The shares were sold at an average price of $12.72, for a total value of $71,880.72.
On Thursday, January 30th, Edward K. Christian Trust sold 106 shares of Saga Communications stock. The shares were sold at an average price of $12.52, for a total value of $1,327.12.
On Tuesday, January 28th, Edward K. Christian Trust sold 15 shares of Saga Communications stock. The stock was sold at an average price of $12.50, for a total value of $187.50.
On Thursday, January 23rd, Edward K. Christian Trust sold 552 shares of Saga Communications stock. The stock was sold at an average price of $12.54, for a total value of $6,922.08.
On Tuesday, January 21st, Edward K. Christian Trust sold 2,326 shares of Saga Communications stock. The stock was sold at an average price of $12.10, for a total value of $28,144.60.
On Friday, December 13th, Edward K. Christian Trust sold 543 shares of Saga Communications stock. The stock was sold at an average price of $12.92, for a total value of $7,015.56.

Saga Communications Stock Performance

SGA opened at $12.14 on Friday. The company has a market cap of $76.00 million, a PE ratio of 16.86 and a beta of 0.27. The stock has a 50-day moving average of $12.03 and a 200-day moving average of $13.34. Saga Communications, Inc. has a 52-week low of $10.75 and a 52-week high of $24.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.64 and a current ratio of 2.64.

Saga Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.00 annualized dividend and a dividend yield of 8.24%. Saga Communications’s dividend payout ratio (DPR) is presently 138.89%.

Institutional Trading of Saga Communications

Several large investors have recently made changes to their positions in SGA. Jane Street Group LLC acquired a new position in shares of Saga Communications during the 4th quarter worth about $115,000. Aristides Capital LLC lifted its position in shares of Saga Communications by 12.1% during the 4th quarter. Aristides Capital LLC now owns 12,160 shares of the company’s stock worth $134,000 after purchasing an additional 1,310 shares during the last quarter. Northern Trust Corp lifted its position in shares of Saga Communications by 10.4% during the 4th quarter. Northern Trust Corp now owns 13,874 shares of the company’s stock worth $153,000 after purchasing an additional 1,306 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Saga Communications during the 4th quarter worth about $265,000. Finally, Empowered Funds LLC lifted its position in shares of Saga Communications by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 27,390 shares of the company’s stock worth $393,000 after purchasing an additional 1,340 shares during the last quarter. Institutional investors own 74.28% of the company’s stock.

About Saga Communications

(Get Free Report)

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.