Aristides Capital LLC Has $134,000 Stock Position in Saga Communications, Inc. (NASDAQ:SGA)

Aristides Capital LLC raised its position in Saga Communications, Inc. (NASDAQ:SGA) by 12.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,160 shares of the company’s stock after purchasing an additional 1,310 shares during the quarter. Aristides Capital LLC’s holdings in Saga Communications were worth $134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SGA. Geode Capital Management LLC boosted its stake in Saga Communications by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 58,432 shares of the company’s stock worth $645,000 after purchasing an additional 4,753 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Saga Communications in the fourth quarter valued at about $1,675,000. Empowered Funds LLC lifted its position in Saga Communications by 4.6% during the 4th quarter. Empowered Funds LLC now owns 28,637 shares of the company’s stock worth $316,000 after buying an additional 1,247 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new position in Saga Communications during the 4th quarter worth about $265,000. 74.28% of the stock is currently owned by institutional investors and hedge funds.

Saga Communications Stock Down 0.6 %

Shares of NASDAQ:SGA opened at $11.70 on Tuesday. 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 firm has a market cap of $73.25 million, a P/E ratio of 16.25 and a beta of 0.21. Saga Communications, Inc. has a 12 month low of $10.75 and a 12 month high of $23.56. The company’s 50-day moving average price is $12.15 and its two-hundred day moving average price is $12.64.

Saga Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.00 annualized dividend and a dividend yield of 8.55%. Saga Communications’s dividend payout ratio (DPR) is currently 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 stock was sold at an average price of $12.10, for a total transaction of $28,144.60. Following the transaction, the insider now owns 962,280 shares in the company, valued at approximately $11,643,588. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 15,433 shares of company stock worth $193,992 over the last three months. 21.90% of the stock is currently owned by company insiders.

Saga Communications 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.