Inspire Advisors LLC purchased a new stake in shares of Sinclair, Inc. (NASDAQ:SBGI – Free Report) 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 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.
Recommended Stories
- Five stocks we like better than Sinclair
- How to Use the MarketBeat Excel Dividend Calculator
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- How to Evaluate a Stock Before Buying
- MarketBeat Week in Review – 9/9 – 9/13
Want to see what other hedge funds are holding SBGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sinclair, Inc. (NASDAQ:SBGI – Free Report).
Receive News & Ratings for Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.