Minerva Advisors LLC continued to hold its position in shares of Saga Communications, Inc. (NYSEMKT:SGA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,997 shares of the company’s stock at the end of the second quarter. Saga Communications comprises about 1.7% of Minerva Advisors LLC’s investment portfolio, making the stock its 19th largest position. Minerva Advisors LLC’s holdings in Saga Communications were worth $2,491,000 at the end of the most recent quarter.
Separately, Uniplan Investment Counsel Inc. increased its position in Saga Communications by 0.4% in the first quarter. Uniplan Investment Counsel Inc. now owns 117,429 shares of the company’s stock valued at $4,704,000 after buying an additional 424 shares in the last quarter.
Shares of Saga Communications, Inc. (NYSEMKT:SGA) traded down 0.11% during mid-day trading on Friday, hitting $45.90. The company had a trading volume of 3,186 shares. The company has a market cap of $268.97 million, a PE ratio of 18.43 and a beta of 1.55. The firm has a 50-day moving average of $42.44 and a 200-day moving average of $41.62. Saga Communications, Inc. has a 12 month low of $35.77 and a 12 month high of $48.09.
Saga Communications (NYSEMKT:SGA) last posted its earnings results on Thursday, August 4th. The company reported $0.82 EPS for the quarter. The firm had revenue of $36.40 million for the quarter, compared to analysts’ expectations of $34.36 million. On average, analysts expect that Saga Communications, Inc. will post $2.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were given a $0.30 dividend. This is an increase from Saga Communications’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Monday, September 12th. Saga Communications’s dividend payout ratio is currently 40.00%.
A number of analysts have issued reports on SGA shares. Beaufort Securities reaffirmed a “buy” rating on shares of Saga Communications in a research note on Wednesday, June 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Saga Communications in a research note on Wednesday, June 22nd.
About Saga Communications
Saga Communications, Inc is a broadcast company primarily engaged in acquiring, developing and operating broadcast properties. The Company owns and/or operates over four television stations and over five low-power television stations serving approximately two markets, and over 67 frequency modulation (FM) and 32 amplitude modulation (AM) radio stations serving approximately 20 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri.
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