Edward K. Christian Trust Sells 5,000 Shares of Saga Communications, Inc. (NASDAQ:SGA) Stock

Posted by Kyle Jackson on Feb 20th, 2025

Saga Communications, Inc. (NASDAQ:SGA – Get Free Report) major shareholder Edward K. Christian Trust sold 5,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $12.56, for a total transaction of $62,800.00. Following the sale, the insider now directly owns 938,250 shares of the company’s stock, valued at approximately $11,784,420. This represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 transaction 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 transaction 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 transaction of $1,327.12.
On Tuesday, January 28th, Edward K. Christian Trust sold 15 shares of Saga Communications stock. The shares were sold at an average price of $12.50, for a total transaction of $187.50.
On Thursday, January 23rd, Edward K. Christian Trust sold 552 shares of Saga Communications stock. The shares were sold at an average price of $12.54, for a total transaction of $6,922.08.
On Tuesday, January 21st, Edward K. Christian Trust sold 2,326 shares of Saga Communications stock. The shares were sold at an average price of $12.10, for a total transaction of $28,144.60.
On Friday, December 13th, Edward K. Christian Trust sold 543 shares of Saga Communications stock. The shares were sold at an average price of $12.92, for a total transaction of $7,015.56.

Saga Communications Stock Performance

Saga Communications stock opened at $12.26 on Thursday. The firm has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $13.35. Saga Communications, Inc. has a 1-year low of $10.75 and a 1-year high of $24.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 2.64. The stock has a market cap of $76.75 million, a price-to-earnings ratio of 17.03 and a beta of 0.27.

Saga Communications Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.00 annualized dividend and a dividend yield of 8.16%. Saga Communications’s dividend payout ratio (DPR) is 138.89%.

Institutional Trading of Saga Communications

Several hedge funds have recently made changes to their positions in SGA. Empowered Funds LLC grew its stake in shares of Saga Communications by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 27,390 shares of the company’s stock valued at $393,000 after buying an additional 1,340 shares during the period. Geode Capital Management LLC grew its stake in shares of Saga Communications by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 53,679 shares of the company’s stock valued at $771,000 after buying an additional 2,986 shares during the period. Krilogy Financial LLC purchased a new stake in shares of Saga Communications in the 4th quarter valued at approximately $265,000. Peapod Lane Capital LLC purchased a new position in shares of Saga Communications during the 4th quarter worth approximately $1,675,000. Finally, Aristides Capital LLC boosted 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 period. Hedge funds and other institutional investors own 74.28% of the company’s stock.

Saga Communications Company Profile

(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.