FMR LLC reduced its position in Saga Communications, Inc. (NYSEAMERICAN:SGA) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,601 shares of the company’s stock after selling 7,111 shares during the period. FMR LLC owned approximately 8.59% of Saga Communications worth $16,867,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its holdings in Saga Communications by 2.0% during the 3rd quarter. Royce & Associates LP now owns 603,186 shares of the company’s stock worth $21,805,000 after purchasing an additional 11,660 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Saga Communications by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 422,345 shares of the company’s stock worth $15,268,000 after purchasing an additional 3,679 shares during the last quarter. BlackRock Inc. increased its holdings 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 purchasing an additional 5,533 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Saga Communications by 5.5% during the 3rd quarter. Renaissance Technologies LLC now owns 148,286 shares of the company’s stock worth $5,361,000 after purchasing an additional 7,786 shares during the last quarter. Finally, Minerva Advisors LLC increased its holdings 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 purchasing an additional 13,498 shares during the last quarter.
Shares of NYSEAMERICAN SGA traded down $0.07 during trading on Monday, reaching $32.33. The stock had a trading volume of 6,333 shares, compared to its average volume of 6,853. Saga Communications, Inc. has a one year low of $30.05 and a one year high of $40.10.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Monday, March 11th.
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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