Daniel Keith Sells 17,989 Shares of Sinclair (NASDAQ:SBGI) Stock

Sinclair, Inc. (NASDAQ:SBGI) Director Daniel Keith sold 17,989 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $13.10, for a total transaction of $235,655.90. Following the sale, the director directly owned 49,038 shares of the company’s stock, valued at $642,397.80. The trade was a 26.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sinclair Price Performance

Shares of SBGI opened at $13.01 on Friday. The company has a 50 day moving average of $14.27 and a two-hundred day moving average of $14.66. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 11.78. Sinclair, Inc. has a twelve month low of $11.89 and a twelve month high of $17.88. The company has a market cap of $931.76 million, a price-to-earnings ratio of -7.74 and a beta of 1.03.

Sinclair (NASDAQ:SBGI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. Sinclair had a negative return on equity of 64.27% and a negative net margin of 3.53%.The business had revenue of $836.00 million for the quarter, compared to the consensus estimate of $840.25 million. During the same period in the prior year, the firm posted $2.61 earnings per share. The business’s quarterly revenue was down 16.7% on a year-over-year basis. As a group, analysts predict that Sinclair, Inc. will post 4.24 earnings per share for the current fiscal year.

Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Sinclair’s dividend payout ratio is currently -59.52%.

Institutional Trading of Sinclair

Several large investors have recently added to or reduced their stakes in SBGI. Geneos Wealth Management Inc. increased its holdings in shares of Sinclair by 142.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock valued at $25,000 after purchasing an additional 1,065 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Sinclair during the fourth quarter worth about $32,000. Tower Research Capital LLC TRC boosted its position in Sinclair by 175.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock valued at $41,000 after buying an additional 1,882 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in Sinclair in the third quarter valued at approximately $48,000. Finally, Raymond James Financial Inc. acquired a new position in Sinclair in the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Trending Headlines about Sinclair

Here are the key news stories impacting Sinclair this week:

• Positive Sentiment: Sinclair paid its quarterly dividend ($0.25; annualized $1.00), implying a ~7.7% yield that supports demand from income-focused investors. This steady cash return can help buoy the share price even as operating results remain uneven. MarketBeat SBGI
• Neutral Sentiment: Broker consensus is roughly a “Hold” with a wide spread of opinions (two Buys, two Holds, two Sells reported), leaving near-term direction dependent on earnings/cash flow and potential M&A or cost actions. The stock trades below its 50- and 200-day averages, so technicals are neutral-to-cautious. Analyst Consensus
• Negative Sentiment: Director Daniel C. Keith sold roughly 42,000 SBGI shares across filings dated March 31–April 2 at an average price of $13.10, materially reducing his stake — a notable insider exit that can pressure sentiment and signal limited near-term insider confidence. InsiderTrades: Keith Sales
• Negative Sentiment: JPMorgan lowered its price target to $14.00 and moved to an “underweight” stance, removing upside expectations from a major sell-side voice and likely contributing to selling pressure from discretionary managers. JPMorgan Note

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark boosted their price target on Sinclair from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Sinclair from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Wednesday. Wall Street Zen upgraded shares of Sinclair from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Wells Fargo & Company boosted their target price on shares of Sinclair from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Sinclair from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sinclair presently has an average rating of “Hold” and a consensus price target of $20.25.

Sinclair Company Profile

Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.

At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.