New Media Investment Group Inc. (NYSE:NEWM) CFO Gregory William Freiberg purchased 10,000 shares of New Media Investment Group stock in a transaction that occurred on Wednesday, November 23rd. The stock was acquired at an average cost of $16.00 per share, with a total value of $160,000.00. Following the acquisition, the chief financial officer now directly owns 117,769 shares of the company’s stock, valued at approximately $1,884,304. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Gregory William Freiberg also recently made the following trade(s):

  • On Monday, November 7th, Gregory William Freiberg purchased 85,000 shares of New Media Investment Group stock. The stock was acquired at an average cost of $15.01 per share, with a total value of $1,275,850.00.

Shares of New Media Investment Group Inc. (NYSE:NEWM) traded up 0.32% during mid-day trading on Wednesday, hitting $15.71. The stock had a trading volume of 810,948 shares. The stock has a market cap of $699.66 million, a price-to-earnings ratio of 9.59 and a beta of 1.28. New Media Investment Group Inc. has a one year low of $13.95 and a one year high of $20.11. The firm has a 50 day moving average of $15.12 and a 200 day moving average of $16.62.

New Media Investment Group (NYSE:NEWM) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.07. The business earned $306.80 million during the quarter, compared to analyst estimates of $308.80 million. New Media Investment Group had a net margin of 5.86% and a return on equity of 6.50%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. On average, analysts forecast that New Media Investment Group Inc. will post $0.85 earnings per share for the current year.

Insider Buying and Selling by Quarter for New Media Investment Group (NYSE:NEWM)

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Wednesday, November 9th were given a $0.35 dividend. This is an increase from New Media Investment Group’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 8.91%. The ex-dividend date was Monday, November 7th. New Media Investment Group’s dividend payout ratio (DPR) is currently 85.37%.

Several large investors have recently modified their holdings of NEWM. Teacher Retirement System of Texas increased its stake in shares of New Media Investment Group by 19.2% in the second quarter. Teacher Retirement System of Texas now owns 6,207 shares of the company’s stock valued at $112,000 after buying an additional 999 shares in the last quarter. Springbok Capital Management LLC increased its stake in New Media Investment Group by 69.4% in the first quarter. Springbok Capital Management LLC now owns 8,300 shares of the company’s stock worth $138,000 after buying an additional 3,400 shares during the period. SG Americas Securities LLC purchased a new stake in New Media Investment Group during the third quarter worth $152,000. Crow Point Partners LLC purchased a new stake in New Media Investment Group during the third quarter worth $156,000. Finally, Eqis Capital Management Inc. purchased a new stake in New Media Investment Group during the third quarter worth $169,000. 78.69% of the stock is currently owned by institutional investors.

NEWM has been the subject of a number of analyst reports. Zacks Investment Research downgraded New Media Investment Group from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Compass Point cut New Media Investment Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $21.00 to $20.00 in a research note on Friday, July 29th. Barrington Research cut their price objective on New Media Investment Group from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, August 15th. Citigroup Inc. cut New Media Investment Group from a “neutral” rating to a “sell” rating and cut their price objective for the company from $17.00 to $13.00 in a research note on Wednesday, August 24th. Finally, TheStreet cut New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $17.00.

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About New Media Investment Group

New Media Investment Group Inc (New Media) is a holding company. The Company owns, operates and invests in local media assets. It has a focus on owning and acquiring local media assets in small to mid-size markets. The Company is a publisher of locally based print and online media. The Company’s operating segments include Eastern US Publishing, Central US Publishing and Western US Publishing.

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