Arlington Trust Co LLC Acquires Shares of 2,000 Saga Communications, Inc. (NASDAQ:SGA)

Arlington Trust Co LLC acquired a new stake in Saga Communications, Inc. (NASDAQ:SGA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new position in Saga Communications in the 3rd quarter valued at $50,000. Barclays PLC purchased a new position in Saga Communications in the 3rd quarter valued at $47,000. Geode Capital Management LLC increased its stake in shares of Saga Communications by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 49,498 shares of the company’s stock worth $1,168,000 after acquiring an additional 7,476 shares during the last quarter. State Street Corp boosted its position in shares of Saga Communications by 4.3% during the 1st quarter. State Street Corp now owns 21,075 shares of the company’s stock valued at $485,000 after acquiring an additional 873 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Saga Communications by 6.0% during the 3rd quarter. Royal Bank of Canada now owns 20,000 shares of the company’s stock valued at $430,000 after acquiring an additional 1,131 shares during the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.

Saga Communications Trading Up 1.5 %

Shares of SGA stock opened at $22.50 on Monday. The company’s 50-day moving average price is $23.22 and its 200-day moving average price is $22.02. The stock has a market cap of $140.85 million, a price-to-earnings ratio of 14.80 and a beta of 0.41. Saga Communications, Inc. has a twelve month low of $18.89 and a twelve month high of $27.00.

Saga Communications (NASDAQ:SGA) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The firm had revenue of $29.15 million for the quarter, compared to analyst estimates of $28.50 million. Saga Communications had a net margin of 8.42% and a return on equity of 5.34%. As a group, equities research analysts predict that Saga Communications, Inc. will post 1.65 EPS for the current year.

Saga Communications Cuts Dividend

The business also recently disclosed a None dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 15th. Saga Communications’s dividend payout ratio (DPR) is currently 65.79%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Saga Communications from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

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.