Saga Communications, Inc. (NYSEMKT:SGA) major shareholder Towerview Llc sold 5,000 shares of Saga Communications stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $48.60, for a total value of $243,000.00. Following the completion of the sale, the insider now directly owns 1,285,000 shares in the company, valued at approximately $62,451,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Towerview Llc also recently made the following trade(s):

  • On Friday, November 18th, Towerview Llc sold 4,491 shares of Saga Communications stock. The shares were sold at an average price of $48.12, for a total value of $216,106.92.
  • On Monday, November 14th, Towerview Llc sold 2,094 shares of Saga Communications stock. The shares were sold at an average price of $47.80, for a total value of $100,093.20.
  • On Friday, November 11th, Towerview Llc sold 7,656 shares of Saga Communications stock. The shares were sold at an average price of $47.32, for a total value of $362,281.92.
  • On Thursday, October 20th, Towerview Llc sold 86 shares of Saga Communications stock. The shares were sold at an average price of $47.00, for a total value of $4,042.00.
  • On Wednesday, October 19th, Towerview Llc sold 5,034 shares of Saga Communications stock. The shares were sold at an average price of $46.72, for a total value of $235,188.48.
  • On Tuesday, October 11th, Towerview Llc sold 139 shares of Saga Communications stock. The shares were sold at an average price of $46.50, for a total value of $6,463.50.
  • On Monday, October 10th, Towerview Llc sold 2,587 shares of Saga Communications stock. The shares were sold at an average price of $46.32, for a total value of $119,829.84.
  • On Tuesday, October 4th, Towerview Llc sold 413 shares of Saga Communications stock. The shares were sold at an average price of $46.20, for a total value of $19,080.60.

Saga Communications, Inc. (NYSEMKT:SGA) opened at 48.80 on Friday. The firm has a 50-day moving average price of $45.46 and a 200 day moving average price of $42.81. Saga Communications, Inc. has a 12 month low of $35.77 and a 12 month high of $48.95. The company has a market cap of $285.97 million, a P/E ratio of 16.94 and a beta of 1.55.

Insider Buying and Selling by Quarter for Saga Communications (NYSEMKT:SGA)

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Monday, December 5th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, December 1st. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. Saga Communications’s dividend payout ratio is currently 40.00%.

A number of institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC increased its position in shares of Saga Communications by 12.7% in the third quarter. BlackRock Advisors LLC now owns 2,371 shares of the company’s stock worth $108,000 after buying an additional 268 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Saga Communications by 702.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,881 shares of the company’s stock worth $114,000 after buying an additional 2,522 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Saga Communications by 94.2% in the second quarter. SG Americas Securities LLC now owns 4,974 shares of the company’s stock worth $197,000 after buying an additional 2,413 shares in the last quarter. Societe Generale acquired a new position in shares of Saga Communications during the second quarter worth about $197,000. Finally, Teachers Advisors Inc. increased its position in shares of Saga Communications by 7.1% in the second quarter. Teachers Advisors Inc. now owns 5,524 shares of the company’s stock worth $218,000 after buying an additional 366 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: “Towerview Llc Sells 5,000 Shares of Saga Communications, Inc. (SGA) Stock” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and republished in violation of international copyright and trademark law. The correct version of this news story can be read at https://www.thecerbatgem.com/2016/11/25/towerview-llc-sells-5000-shares-of-saga-communications-inc-sga-stock.html.

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.

Receive News & Stock Ratings for Saga Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saga Communications Inc. and related stocks with our FREE daily email newsletter.