SG Americas Securities LLC acquired a new stake in Saga Communications, Inc. (NYSEAMERICAN:SGA) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,151 shares of the company’s stock, valued at approximately $138,000. SG Americas Securities LLC owned 0.07% of Saga Communications at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in Saga Communications by 505.1% during the first quarter. BNP Paribas Arbitrage SA now owns 823 shares of the company’s stock valued at $27,000 after purchasing an additional 687 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Saga Communications by 28.0% during the fourth quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock worth $106,000 after acquiring an additional 698 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Saga Communications by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 35,018 shares of the company’s stock worth $1,163,000 after acquiring an additional 1,934 shares in the last quarter. Minerva Advisors LLC raised its stake in shares of Saga Communications by 17.2% during the fourth quarter. Minerva Advisors LLC now owns 91,807 shares of the company’s stock worth $3,029,000 after acquiring an additional 13,498 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Saga Communications by 1.9% during the fourth quarter. BlackRock Inc. now owns 299,782 shares of the company’s stock worth $9,961,000 after acquiring an additional 5,533 shares in the last quarter.
Shares of SGA stock traded down $1.17 during trading hours on Monday, hitting $30.07. 4,000 shares of the company’s stock were exchanged, compared to its average volume of 7,752. Saga Communications, Inc. has a 12-month low of $28.00 and a 12-month high of $39.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Thursday, June 13th.
In other news, major shareholder Towerview Llc purchased 1,705 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $28.44 per share, for a total transaction of $48,490.20. Following the purchase, the insider now directly owns 1,163,641 shares in the company, valued at approximately $33,093,950.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
About Saga Communications
Saga Communications, Inc, a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk.
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