Somewhat Favorable News Coverage Somewhat Unlikely to Affect New Media Investment Group (NEWM) Stock Price
Headlines about New Media Investment Group (NYSE:NEWM) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Media Investment Group earned a news impact score of 0.20 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.2005968217521 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, BidaskClub upgraded New Media Investment Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th.
Shares of New Media Investment Group (NYSE:NEWM) opened at $17.06 on Tuesday. The company has a market capitalization of $911.66, a PE ratio of 47.58 and a beta of 1.31. 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 has a twelve month low of $11.87 and a twelve month high of $17.30.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Wednesday, November 8th were issued a dividend of $0.37 per share. This is an increase from New Media Investment Group’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 8.68%. The ex-dividend date of this dividend was Tuesday, November 7th. New Media Investment Group’s dividend payout ratio (DPR) is presently -704.76%.
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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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