Saga Communications, Inc. (NYSEMKT:SGA) major shareholder Towerview Llc sold 903 shares of Saga Communications stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $48.94, for a total transaction of $44,192.82. Following the completion of the transaction, the insider now directly owns 1,280,000 shares of the company’s stock, valued at approximately $62,643,200. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Friday, November 25th, Towerview Llc sold 503 shares of Saga Communications stock. The shares were sold at an average price of $48.90, for a total transaction of $24,596.70.
  • On Tuesday, November 22nd, Towerview Llc sold 5,000 shares of Saga Communications stock. The shares were 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 shares were 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 shares were 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 shares were 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.

Shares of Saga Communications, Inc. (NYSEMKT:SGA) remained flat at $48.10 during mid-day trading on Wednesday. The stock had a trading volume of 14 shares. The stock’s 50-day moving average is $45.60 and its 200-day moving average is $42.85. The stock has a market capitalization of $281.87 million, a P/E ratio of 16.70 and a beta of 1.55. Saga Communications, Inc. has a one year low of $35.77 and a one year high of $49.05.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Monday, December 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $1.20 annualized dividend and a yield of 2.49%. Saga Communications’s payout ratio is 40.00%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGA. California State Teachers Retirement System raised its stake in Saga Communications by 1.3% in the third quarter. California State Teachers Retirement System now owns 7,694 shares of the company’s stock valued at $349,000 after buying an additional 100 shares during the last quarter. BlackRock Advisors LLC raised its stake in Saga Communications by 12.7% in the third quarter. BlackRock Advisors LLC now owns 2,371 shares of the company’s stock valued at $108,000 after buying an additional 268 shares during the last quarter. Teachers Advisors Inc. raised its stake in Saga Communications by 7.1% in the second quarter. Teachers Advisors Inc. now owns 5,524 shares of the company’s stock valued at $218,000 after buying an additional 366 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $1,180,000 after buying an additional 429 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Saga Communications by 0.4% in the second quarter. Vanguard Group Inc. now owns 146,326 shares of the company’s stock valued at $5,786,000 after buying an additional 531 shares during the last quarter.

Saga Communications Company Profile

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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