Global X MANAGEMENT CO LLC boosted its position in New Media Investment Group Inc. (NYSE:NEWM) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 640,379 shares of the company’s stock after acquiring an additional 32,722 shares during the quarter. Global X MANAGEMENT CO LLC owned 1.20% of New Media Investment Group worth $9,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEWM. BlackRock Inc. increased its stake in New Media Investment Group by 32,660.2% in the first quarter. BlackRock Inc. now owns 6,686,036 shares of the company’s stock valued at $95,009,000 after acquiring an additional 6,665,627 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in New Media Investment Group by 27.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,978,862 shares of the company’s stock valued at $26,676,000 after acquiring an additional 426,816 shares during the last quarter. Vanguard Group Inc. increased its stake in New Media Investment Group by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,766,528 shares of the company’s stock valued at $67,732,000 after acquiring an additional 220,340 shares during the last quarter. Clark Estates Inc. NY bought a new position in New Media Investment Group in the second quarter valued at $2,898,000. Finally, Citadel Advisors LLC increased its stake in New Media Investment Group by 67.0% in the second quarter. Citadel Advisors LLC now owns 430,160 shares of the company’s stock valued at $5,799,000 after acquiring an additional 172,615 shares during the last quarter. 75.15% of the stock is currently owned by institutional investors and hedge funds.

New Media Investment Group Inc. (NYSE:NEWM) traded up $0.12 during midday trading on Friday, reaching $15.84. 206,400 shares of the company’s stock traded hands, compared to its average volume of 287,263. The company has a current ratio of 1.84, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. New Media Investment Group Inc. has a twelve month low of $11.87 and a twelve month high of $17.19. The stock has a market capitalization of $843.00, a price-to-earnings ratio of 44.00 and a beta of 1.31.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Wednesday, November 8th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.34%. This is a positive change from New Media Investment Group’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, November 7th. New Media Investment Group’s dividend payout ratio is presently -704.76%.

In other New Media Investment Group news, CEO Michael Reed purchased 20,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $13.60 per share, for a total transaction of $272,000.00. Following the completion of the transaction, the chief executive officer now directly owns 235,769 shares in the company, valued at approximately $3,206,458.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.34% of the company’s stock.

Separately, BidaskClub lowered shares of New Media Investment Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th.

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About New Media Investment Group

New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.

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Institutional Ownership by Quarter for New Media Investment Group (NYSE:NEWM)

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