Aristides Capital LLC Acquires 1,310 Shares of Saga Communications, Inc. (NASDAQ:SGA)

Aristides Capital LLC raised its holdings in shares of Saga Communications, Inc. (NASDAQ:SGA) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,160 shares of the company’s stock after buying an additional 1,310 shares during the quarter. Aristides Capital LLC owned about 0.19% of Saga Communications worth $134,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Saga Communications by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 53,679 shares of the company’s stock valued at $771,000 after purchasing an additional 2,986 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of Saga Communications during the 4th quarter worth about $265,000. Empowered Funds LLC raised its position in shares of Saga Communications by 4.6% during the fourth quarter. Empowered Funds LLC now owns 28,637 shares of the company’s stock valued at $316,000 after buying an additional 1,247 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in shares of Saga Communications in the fourth quarter valued at about $1,675,000. 74.28% of the stock is owned by institutional investors.

Saga Communications Stock Down 0.6 %

SGA stock opened at $11.70 on Tuesday. Saga Communications, Inc. has a twelve month low of $10.75 and a twelve month high of $23.56. 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 company has a market cap of $73.25 million, a PE ratio of 16.25 and a beta of 0.21. The business’s 50-day simple moving average is $12.15 and its 200 day simple moving average is $12.64.

Saga Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a $0.25 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.55%. Saga Communications’s payout ratio is 181.82%.

Insider Buying and Selling

In other Saga Communications news, major shareholder Edward K. Christian Trust sold 2,326 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $12.10, for a total transaction of $28,144.60. Following the completion of the transaction, the insider now owns 962,280 shares in the company, valued at $11,643,588. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 15,433 shares of company stock valued at $193,992 over the last ninety days. 21.90% of the stock is owned by company insiders.

Saga Communications Company 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.