SoFi CEO enters prepaid forward contract on 1.5 million shares
Edward K. Christian Trust, a ten percent owner of SAGA COMMUNICATIONS INC (NASDAQ:SGA), sold 1,799 shares of Class A Common Stock on July 25, 2025. The shares were sold at weighted average prices ranging from $13.40 to $13.43, resulting in a total transaction value of $24,106. The transaction occurred as SGA trades near its InvestingPro Fair Value, with the stock currently at $13.04. The company, with a market capitalization of $84.4 million, offers a notable 7.67% dividend yield and has maintained dividend payments for 14 consecutive years.
Following the transaction, Edward K. Christian Trust directly owns 899,275 shares of Saga Communications. The company is scheduled to report earnings on August 7, 2025. InvestingPro analysis reveals 6 additional key insights about SGA’s financial health and future prospects, available exclusively to subscribers through the comprehensive Pro Research Report.
In other recent news, Saga Communications reported a net revenue decrease of 4.3% to $24.2 million for the first quarter of 2025, compared to $25.3 million in the same period last year. Despite the revenue drop, the company showed a slight improvement in its operating loss, which narrowed to $2.3 million from $2.4 million. These financial results indicate a focus on digital advertising growth and cost management. The company’s digital strategy appears to be a point of optimism among investors. There were no recent updates on mergers or acquisitions involving Saga Communications. Additionally, no analyst upgrades or downgrades have been reported for the company. This information reflects the recent developments surrounding Saga Communications.
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