Saga Communications repurchased 184,215 shares for $2.1 million, reinforcing its commitment to shareholder value and capital management.
Quiver AI Summary
Saga Communications, Inc. announced the repurchase of 184,215 shares of its common stock for approximately $2.1 million, equating to $11.50 per share, representing about 2.8% of its outstanding shares. This transaction, executed through a privately negotiated agreement, reflects the company's commitment to enhancing shareholder value and demonstrates confidence in its long-term strategy and financial stability. CFO Samuel Bush emphasized the importance of disciplined capital allocation to deliver returns to stakeholders. Saga Communications operates in the media sector, providing services like radio and digital advertising across 28 markets.
Potential Positives
- Saga Communications repurchased 184,215 shares, demonstrating a commitment to returning value to shareholders.
- The stock repurchase represents approximately 2.8% of the company's outstanding shares, indicating significant shareholder value management.
- The transaction reflects the company's confidence in its long-term strategy and financial strength, potentially enhancing investor trust.
- By returning shares to treasury, Saga gains greater flexibility in managing its capital structure, which could lead to improved financial health.
Potential Negatives
- The stock repurchase may indicate a lack of better investment opportunities or growth prospects, suggesting a potential stagnation in the company's operations.
- The purchase of shares at $11.50 each, compared to the total outstanding shares, may raise concerns among investors about the company's valuation and whether the repurchase was a prudent use of capital.
- The reliance on forward-looking statements introduces uncertainty, as the company acknowledges various risks that could adversely impact its business performance.
FAQ
Why did Saga Communications repurchase stock?
Saga Communications repurchased stock to demonstrate commitment to shareholder value and confidence in its long-term strategy.
How many shares did Saga repurchase?
Saga repurchased 184,215 shares of its common stock through a privately negotiated transaction.
What was the total cost of the stock buyback?
The total cost of the stock buyback was approximately $2.1 million, or $11.50 per share.
What percentage of outstanding shares does the repurchased stock represent?
The repurchased shares represent approximately 2.8% of Saga's currently outstanding common stock.
Who can I contact for more information about Saga Communications?
For more information, you can contact Samuel D. Bush at (313) 886-7070.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SGA Insider Trading Activity
$SGA insiders have traded $SGA stock on the open market 28 times in the past 6 months. Of those trades, 0 have been purchases and 28 have been sales.
Here’s a breakdown of recent trading of $SGA stock by insiders over the last 6 months:
- K. CHRISTIAN TRUST EDWARD has made 0 purchases and 28 sales selling 39,993 shares for an estimated $523,549.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SGA Revenue
$SGA had revenues of $28.2M in Q3 2025. This is a decrease of -1.84% from the same period in the prior year.
You can track SGA financials on Quiver Quantitative's SGA stock page.
$SGA Hedge Fund Activity
We have seen 5 institutional investors add shares of $SGA stock to their portfolio, and 17 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ROYAL BANK OF CANADA removed 21,400 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $266,216
- PEAPOD LANE CAPITAL LLC removed 21,398 shares (-10.5%) from their portfolio in Q3 2025, for an estimated $266,191
- KRILOGY FINANCIAL LLC removed 20,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $248,800
- BANK OF AMERICA CORP /DE/ added 16,896 shares (+30720.0%) to their portfolio in Q3 2025, for an estimated $210,186
- GOLDMAN SACHS GROUP INC removed 3,673 shares (-24.7%) from their portfolio in Q3 2025, for an estimated $45,692
- UBS GROUP AG removed 3,363 shares (-34.4%) from their portfolio in Q3 2025, for an estimated $41,835
- RAYMOND JAMES FINANCIAL INC removed 1,510 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $18,784
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GROSSE POINTE FARMS, Mich., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the “Company,” “Saga” or “our”) today announced that it repurchased 184,215 shares of its common stock for an aggregate purchase price of approximately $2.1 million, or $11.50 per share, through a privately negotiated transaction. The repurchased shares represent approximately 2.8% of the company’s currently outstanding common stock, based on 6,556,621 shares outstanding as of December 11, 2025. After closing, these shares were returned to treasury and are no longer outstanding.
Chief Financial Officer Samuel Bush commented, “We are pleased to announce the completion of a privately negotiated stock repurchase transaction, which underscores our ongoing commitment to deliver value to our shareholders. This transaction reflects our confidence in the company’s long-term strategy and financial strength, while providing us with greater flexibility to manage our capital structure. We remain focused on disciplined capital allocation and generating a meaningful return for all stakeholders.”
Saga is a media company whose business provides radio, digital, e-commerce, local on-line news and non-traditional revenue initiatives. Saga operates in 28 markets and provides services to national, regional and local advertisers to meet their growing advertising needs. For additional information, contact us at (313) 886-7070 or visit our website at www.sagacom.com .
This press release contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that are based upon current expectations and involve certain risks and uncertainties. Words such as “will,” “may,” “believes,” “intends,” “expects,” “anticipates,” “guidance,” and similar expressions are intended to identify forward-looking statements. The material risks facing our business are described in the reports Saga periodically files with the U.S. Securities and Exchange Commission, including, in particular, Item 1A of our Annual Report on Form 10-K. Readers should note that forward-looking statements may be impacted by several factors, including global, national, and local economic changes and changes in the radio broadcast industry in general as well as Saga’s actual performance. Saga undertakes no obligation to update any information contained herein that constitutes a forward-looking statement.
Contact:
Samuel D. Bush
(313) 886-7070
