New Media Investment Group Inc. (NYSE:NEWM) Director Laurence Tarica acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 25th. The stock was bought at an average cost of $15.90 per share, for a total transaction of $159,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of New Media Investment Group Inc. (NYSE:NEWM) opened at 15.21 on Wednesday. New Media Investment Group Inc. has a 52 week low of $13.95 and a 52 week high of $20.11. The firm has a market capitalization of $677.39 million, a P/E ratio of 9.28 and a beta of 1.28. The firm’s 50-day moving average is $15.17 and its 200-day moving average is $16.62.

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

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Wednesday, November 9th were issued a $0.35 dividend. This is an increase from New Media Investment Group’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, November 7th. This represents a $1.40 dividend on an annualized basis and a yield of 9.20%. New Media Investment Group’s dividend payout ratio is 85.37%.

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A number of institutional investors have recently bought and sold shares of NEWM. Teacher Retirement System of Texas increased its position in 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 worth $112,000 after buying an additional 999 shares during the period. Springbok Capital Management LLC boosted 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 in the last quarter. SG Americas Securities LLC bought a new stake in New Media Investment Group during the third quarter worth approximately $152,000. Crow Point Partners LLC bought a new stake in New Media Investment Group during the third quarter worth approximately $156,000. Finally, Capital Fund Management S.A. bought a new stake in New Media Investment Group during the second quarter worth approximately $188,000. Institutional investors and hedge funds own 76.83% of the company’s stock.

NEWM has been the topic of several research reports. Zacks Investment Research upgraded shares of New Media Investment Group from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, October 26th. TheStreet downgraded shares of New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Barrington Research downgraded shares of New Media Investment Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 29th. Finally, Citigroup Inc. downgraded shares of New Media Investment Group from a “neutral” rating to a “sell” rating and decreased their price target for the company from $17.00 to $13.00 in a research note on Wednesday, August 24th. 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

New Media Investment Group Company Profile

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.

5 Day Chart for NYSE:NEWM

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