Saga Communications, Inc. (NASDAQ:SGA) Position Boosted by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of Saga Communications, Inc. (NASDAQ:SGA – Get Rating) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,261 shares of the company’s stock after purchasing an additional 8,947 shares during the period. Royce & Associates LP’s holdings in Saga Communications were worth $2,857,000 as of its most recent filing with the SEC.

Separately, State Street Corp lifted its position in shares of Saga Communications by 4.3% during the first quarter. State Street Corp now owns 21,075 shares of the company’s stock worth $485,000 after purchasing an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SGA. StockNews.com began coverage on shares of Saga Communications in a research note on Wednesday, October 26th. They set a “hold” rating on the stock. TheStreet lowered shares of Saga Communications from a “b” rating to a “c” rating in a research note on Friday, November 4th.

Saga Communications Stock Up 1.4 %

SGA opened at $24.50 on Wednesday. The firm has a market cap of $148.23 million, a price-to-earnings ratio of 17.25 and a beta of 0.35. Saga Communications, Inc. has a fifty-two week low of $21.50 and a fifty-two week high of $29.75. The company’s 50-day moving average price is $25.32 and its 200 day moving average price is $25.18.

Saga Communications (NASDAQ:SGA – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $29.98 million for the quarter. Saga Communications had a net margin of 7.56% and a return on equity of 6.32%.

Saga Communications Increases Dividend

The company also recently declared a None dividend, which was paid on Friday, January 13th. Shareholders of record on Wednesday, December 21st were paid a $2.25 dividend. The ex-dividend date was Tuesday, December 20th. This represents a dividend yield of 3.4%. This is a positive change from Saga Communications’s previous None dividend of $0.66. Saga Communications’s dividend payout ratio (DPR) is presently 70.42%.

About Saga Communications

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Saga Communications, Inc operates as a broadcasting company, which engages in the acquisition, development, and operation of broadcast properties. The company was founded by Edward K. Christian in 1986 and is headquartered in Grosse Pointe Farms, MI.