Saga Communications, Inc. (NYSEMKT:SGA) major shareholder Towerview Llc sold 503 shares of the business’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $48.90, for a total transaction of $24,596.70. Following the sale, the insider now owns 1,280,517 shares in the company, valued at $62,617,281.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, November 22nd, Towerview Llc sold 5,000 shares of Saga Communications stock. The stock was sold at an average price of $48.60, for a total transaction of $243,000.00.
  • On Friday, November 18th, Towerview Llc sold 4,491 shares of Saga Communications stock. The stock was sold at an average price of $48.12, for a total transaction of $216,106.92.
  • On Monday, November 14th, Towerview Llc sold 2,094 shares of Saga Communications stock. The stock was sold at an average price of $47.80, for a total transaction of $100,093.20.
  • On Friday, November 11th, Towerview Llc sold 7,656 shares of Saga Communications stock. The stock was sold at an average price of $47.32, for a total transaction of $362,281.92.
  • On Thursday, October 20th, Towerview Llc sold 86 shares of Saga Communications stock. The stock was sold at an average price of $47.00, for a total transaction of $4,042.00.
  • On Wednesday, October 19th, Towerview Llc sold 5,034 shares of Saga Communications stock. The stock was sold at an average price of $46.72, for a total transaction of $235,188.48.
  • On Tuesday, October 11th, Towerview Llc sold 139 shares of Saga Communications stock. The stock was sold at an average price of $46.50, for a total transaction of $6,463.50.
  • On Monday, October 10th, Towerview Llc sold 2,587 shares of Saga Communications stock. The stock was sold at an average price of $46.32, for a total transaction of $119,829.84.
  • On Tuesday, October 4th, Towerview Llc sold 413 shares of Saga Communications stock. The stock was sold at an average price of $46.20, for a total transaction of $19,080.60.

Saga Communications, Inc. (NYSEMKT:SGA) remained flat at $48.85 on Monday. 912 shares of the stock were exchanged. The company has a market capitalization of $286.26 million, a PE ratio of 16.96 and a beta of 1.55. The firm’s 50-day moving average price is $45.53 and its 200 day moving average price is $42.85. Saga Communications, Inc. has a 12 month low of $35.77 and a 12 month high of $48.95.

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. Stockholders of record on Monday, December 5th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, December 1st. Saga Communications’s dividend payout ratio (DPR) is 40.00%.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Advisors LLC raised 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 during the period. Bank of New York Mellon Corp raised its position in Saga Communications by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 26,021 shares of the company’s stock worth $1,180,000 after buying an additional 429 shares during the last quarter. WCM Investment Management CA raised its position in Saga Communications by 1.8% in the third quarter. WCM Investment Management CA now owns 41,865 shares of the company’s stock worth $1,898,000 after buying an additional 730 shares during the last quarter. Teachers Advisors Inc. raised its position in 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 during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in 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 during the last quarter.

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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