BNP Paribas Arbitrage SA increased its holdings in shares of Saga Communications, Inc. (NYSEAMERICAN:SGA) by 505.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 823 shares of the company’s stock after acquiring an additional 687 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Saga Communications were worth $27,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of Saga Communications by 28.0% in the 4th quarter. Bank of America Corp DE now owns 3,190 shares of the company’s stock valued at $106,000 after purchasing an additional 698 shares in the last quarter. Geode Capital Management LLC boosted its position in Saga Communications by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 35,018 shares of the company’s stock worth $1,163,000 after buying an additional 1,934 shares during the period. Minerva Advisors LLC boosted its position in Saga Communications by 17.2% during the 4th quarter. Minerva Advisors LLC now owns 91,807 shares of the company’s stock worth $3,029,000 after buying an additional 13,498 shares during the period. Finally, BlackRock Inc. boosted its position in Saga Communications by 1.9% during the 4th quarter. BlackRock Inc. now owns 299,782 shares of the company’s stock worth $9,961,000 after buying an additional 5,533 shares during the period.
Shares of NYSEAMERICAN SGA traded up $0.76 during midday trading on Friday, reaching $30.67. The stock had a trading volume of 1,669 shares, compared to its average volume of 7,645. Saga Communications, Inc. has a twelve month low of $28.00 and a twelve month high of $39.00.
The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.91%.
In related news, major shareholder Towerview Llc acquired 1,705 shares of the stock in a transaction dated Monday, May 20th. The stock was 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 of the company’s stock, valued at approximately $33,093,950.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Saga Communications Profile
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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