Inspire Advisors LLC Invests $1.55 Million in Sinclair, Inc. (NASDAQ:SBGI)

Inspire Advisors LLC purchased a new stake in shares of Sinclair, Inc. (NASDAQ:SBGI) during the second quarter, HoldingsChannel.com reports. The firm purchased 116,443 shares of the company’s stock, valued at approximately $1,552,000.

A number of other hedge funds also recently bought and sold shares of SBGI. nVerses Capital LLC bought a new stake in shares of Sinclair during the 2nd quarter valued at about $28,000. Fidelis Capital Partners LLC bought a new stake in Sinclair during the 1st quarter valued at approximately $49,000. NBC Securities Inc. grew its holdings in shares of Sinclair by 35.1% during the 4th quarter. NBC Securities Inc. now owns 3,845 shares of the company’s stock worth $50,000 after acquiring an additional 1,000 shares during the period. EntryPoint Capital LLC lifted its stake in shares of Sinclair by 37.2% in the 1st quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock valued at $54,000 after purchasing an additional 1,085 shares during the period. Finally, Headlands Technologies LLC grew its stake in Sinclair by 1,039.0% in the second quarter. Headlands Technologies LLC now owns 4,647 shares of the company’s stock worth $62,000 after purchasing an additional 4,239 shares during the period. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Sinclair Stock Up 6.2 %

NASDAQ:SBGI opened at $13.80 on Friday. The company has a market capitalization of $915.77 million, a PE ratio of -1.94, a P/E/G ratio of 0.10 and a beta of 1.54. The company has a debt-to-equity ratio of 14.93, a current ratio of 1.78 and a quick ratio of 1.78. Sinclair, Inc. has a 1-year low of $9.39 and a 1-year high of $17.58. The firm’s 50-day moving average price is $13.88 and its 200-day moving average price is $13.23.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.40. Sinclair had a positive return on equity of 22.55% and a negative net margin of 10.78%. The company had revenue of $829.00 million during the quarter, compared to analyst estimates of $836.65 million. During the same quarter last year, the company earned ($1.09) EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts predict that Sinclair, Inc. will post 4.57 EPS for the current fiscal year.

Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date was Friday, August 30th. Sinclair’s payout ratio is -14.04%.

Sinclair Profile

Sinclair, Inc, a media company, provides content on local television stations and digital platforms in the United States. It operates through two segments, Local Media and Tennis. The Local Media segment operates broadcast television stations, original networks, and content; provides free-over-the-air programming and live local sporting events on its stations; distributes its content to multi-channel video programming distributors in exchange for contractual fees; and produces local and original news programs.