EntryPoint Capital LLC Makes New $194,000 Investment in Sinclair, Inc. (NASDAQ:SBGI)

EntryPoint Capital LLC acquired a new stake in Sinclair, Inc. (NASDAQ:SBGI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,039 shares of the company’s stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBGI. Vanguard Group Inc. boosted its holdings in Sinclair by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,714,036 shares of the company’s stock valued at $59,945,000 after purchasing an additional 64,683 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sinclair by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 826,949 shares of the company’s stock worth $12,655,000 after buying an additional 15,263 shares during the period. Empowered Funds LLC boosted its stake in Sinclair by 5.1% in the 4th quarter. Empowered Funds LLC now owns 243,973 shares of the company’s stock valued at $3,938,000 after buying an additional 11,883 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Sinclair in the third quarter valued at $2,110,000. Finally, Inspire Advisors LLC raised its stake in Sinclair by 6.3% during the fourth quarter. Inspire Advisors LLC now owns 121,255 shares of the company’s stock worth $1,957,000 after acquiring an additional 7,207 shares in the last quarter. 41.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman David D. Smith purchased 4,616 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $16.44 per share, with a total value of $75,887.04. Following the purchase, the chairman now directly owns 972,205 shares in the company, valued at $15,983,050.20. This trade represents a 0.48 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders bought 262,541 shares of company stock valued at $3,844,778. 46.60% of the stock is currently owned by insiders.

Sinclair Trading Down 0.3 %

Shares of NASDAQ SBGI opened at $15.63 on Friday. Sinclair, Inc. has a 1-year low of $11.13 and a 1-year high of $18.46. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 11.73. The company has a 50-day moving average of $14.92 and a two-hundred day moving average of $15.85. The company has a market cap of $1.04 billion, a PE ratio of -4.74 and a beta of 1.50.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.62. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sinclair had a positive return on equity of 63.89% and a negative net margin of 6.14%. As a group, equities analysts expect that Sinclair, Inc. will post 4.24 earnings per share for the current fiscal year.

Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 10th. This represents a $1.00 annualized dividend and a yield of 6.40%. Sinclair’s dividend payout ratio is currently 21.46%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Sinclair from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Benchmark reaffirmed a “buy” rating and set a $30.00 price objective on shares of Sinclair in a research note on Tuesday, January 28th. Guggenheim cut their target price on shares of Sinclair from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Finally, Wells Fargo & Company reduced their target price on Sinclair from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.30.

Sinclair Company 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.