JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
In recent transactions reported to the Securities and Exchange Commission, the Edward K. Christian Trust, a significant shareholder of Saga Communications Inc . (NASDAQ:SGA), sold shares of the company’s Class A common stock. The transactions occurred on April 1 and April 2, 2025. Saga Communications, with a market capitalization of $76.39 million, currently trades at $12.49 per share, representing a modest discount to its InvestingPro Fair Value.
On April 1, the trust sold 30 shares at a weighted average price of approximately $12.66 per share. The following day, April 2, saw a larger sale of 1,500 shares at a weighted average price of roughly $12.56 per share. The total value of these sales amounted to $19,214, with prices ranging from $12.55 to $12.67. The stock currently trades at an attractive price-to-book ratio of 0.47, suggesting potential value for investors.
After these transactions, the Edward K. Christian Trust holds 936,720 shares of Saga Communications. The trust, which is not directly involved in the management of the company, remains a major shareholder. Notably, the company maintains a strong dividend yield of 12.81% and has consistently paid dividends for 14 consecutive years. InvestingPro subscribers can access 8 additional key insights and a comprehensive analysis of Saga Communications’ financial health and valuation metrics.
In other recent news, Saga Communications reported its fourth-quarter results, exceeding analyst expectations. The company achieved adjusted earnings per share of $0.20, outperforming the anticipated -$0.12. Revenue for the quarter reached $28.77 million, surpassing the consensus forecast of $28 million, although it marked a 1.3% decline from the previous year’s $29.1 million. Despite these positive surprises, Saga’s operating income saw a decrease, falling to $984,000 from $2.8 million in the prior year. Additionally, station operating income dropped by 17.2% to $5.9 million. For the full year 2024, Saga reported net revenue of $110.3 million, down 2.2% from the previous year, with net income declining to $3.5 million compared to $9.5 million in 2023. Saga Communications also maintained its commitment to shareholder returns, paying a quarterly dividend of $0.25 per share in December and March. The company plans to continue regular quarterly cash dividends and anticipates capital expenditures of $4.0 - $4.5 million in 2025.
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