Saga Communications (SGA)

Saga Communications, Inc. is a broadcasting company whose business is devoted to acquiring, developing, and operating broadcast properties. The company owns or operates broadcast properties in 27 markets, including 79 FM, 35 AM radio stations and 79 metro signals.

Company profile

Ticker

SGA

Exchange

NASDAQ

Website

sagacom.com

CEO

Edward K. Christian

Incorporated

Florida

Location

Michigan

Fiscal year end

Dec 31

Sector

Information > Radio Networks

Industry (SIC)

Radio Broadcasting Stations

iHeartMedia • Sirius XM • Cumulus Media • Urban One • Townsquare Media • Audacy • Salem Media • Spanish Broadcasting System • Emmis Communications • Beasley Broadcast ...

Former names

SAGA COMMUNICATIONS INC /DE/

SEC CIK

0000886136

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Franklin Communications, Inc. • Saga South Communications, LLC • Saga Communications of Iowa, LLC • Lakefront Communications, LLC • Saga Communications of Tuckessee, LLC • Saga Broadcasting, LLC • Saga Communications of Illinois, LLC • Saga Communications of South Dakota, LLC • Tidewater Communications, LLC • Saga Communications of Arkansas, LLC ...

IRS number

383042953

SGA stock data

1M 1Y 5Y

News

From Benzinga Pro

Saga Communications's Ex-Dividend Date Is Friday, Here's What You Need To Know

7 Jun 22

Thursday marks the last chance for investors to receive the next dividend payout from Saga Communications (NASDAQ:SGA).

Press releases

From Benzinga Pro

Saga Communications, Inc. Reports 2nd Quarter 2022 Results

5 Aug 22

GROSSE POINTE FARMS, Mich., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) reported today that net revenue increased 6.3% to $29.8 million for the quarter ended June 30, 2022 compared to

Saga Communications, Inc. Announces Date and Time of 2nd Quarter Earnings Release and Conference Call

11 Jul 22

GROSSE POINTE FARMS, Mich., July 11, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (NASDAQ:SGA) announced today that it will release its 2nd Quarter 2022 results at 9:00 a.m. EDT on Friday, August 5, 2022. The

Saga Communications, Inc. Increases Quarterly Cash Dividend to $0.20 per Share

2 Jun 22

GROSSE POINTE FARMS, Mich., June 02, 2022 (GLOBE NEWSWIRE) -- Saga Communications, Inc. (Nasdaq - SGA) (the "Company", "Saga" or "our") today announced that its Board of Directors declared a quarterly cash dividend of

Calendar

6 May 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SGA financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	55.15M	55.15M	55.15M	55.15M	55.15M	55.15M
Cash burn (monthly)	(no burn)	97.17K	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	429.8K	n/a	n/a	n/a	n/a
Cash remaining	n/a	54.72M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	563.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SGA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
10 Dec 21	Warren S Lada	Class A Common Stock	Grant	Acquire A	No	No	739	22,103
10 Dec 21	Roy F Coppedge III	Class A Common Stock	Grant	Acquire A	No	No	739	4,617
10 Dec 21	Gary G Stevens	Class A Common Stock	Grant	Acquire A	No	No	1,489	12,300
10 Dec 21	Timothy J. Clarke	Class A Common Stock	Grant	Acquire A	No	No	946	4,603
10 Dec 21	Clarke Roger Brown JR	Class A Common Stock	Grant	Acquire A	No	No	739	6,623

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SGA institutional ownership history Ownership history

77.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	31	14	+121.4%
Opened positions	17	1	+1600.0%
Closed positions	0	18	EXIT
Increased positions	3	2	+50.0%
Reduced positions	7	6	+16.7%

13F shares	Current	Prev Q	Change
Total value	90.9M	48.22M	+88.5%
Total shares	3.93M	2M	+96.6%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Towerview	1.16M	$26.97M	0.0%
TROW T. Rowe Price	657.26K	$15.02M	NEW
FMR	573.47K	$13.1M	NEW
Dimensional Fund Advisors	363.13K	$8.3M	-0.8%
Minerva Advisors	206.67K	$4.71M	NEW
Vanguard	201.18K	$4.67M	NEW
Renaissance Technologies	142.98K	$3.32M	-3.1%
Kennedy Capital Management	110.69K	$2.57M	NEW
BLK Blackrock	103.8K	$2.41M	-0.4%
Royce & Associates	92.03K	$2.1M	-20.6%

Largest transactions	Shares	Bought/sold	Change
TROW T. Rowe Price	657.26K	+657.26K	NEW
FMR	573.47K	+573.47K	NEW
Minerva Advisors	206.67K	+206.67K	NEW
Vanguard	201.18K	+201.18K	NEW
Kennedy Capital Management	110.69K	+110.69K	NEW
Bridgeway Capital Management	59.68K	+59.68K	NEW
Nuveen Asset Management	45.68K	+45.68K	NEW
Millennium Management	41.84K	+41.84K	NEW
Mork Capital Management	25K	+25K	NEW
Royce & Associates	92.03K	-23.89K	-20.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

For the year ended December 31, 2021, consolidated net operating revenue was $108,343,000 compared with $95,813,000 for the year ended December 31, 2020, an increase of $12,530,000 or 13.1%. The increase in revenue in 2021 was attributable to lower-than-normal revenue in 2020 due to the COVID-19 pandemic. We had increases in gross local revenue of $12,209,000, gross interactive revenue of $2,921,000, non-spot gross revenue of $1,484,000, gross national revenue (excluding national political revenue) of $819,000, and gross barter revenue of $236,000 partially offset by a decrease in gross political revenue of $5,104,000 from 2020. The increase in gross local, gross national and gross barter revenue occurred in the majority of our markets as a result of the impact of the COVID-19 pandemic and the disruption to our advertisers’ businesses in 2020, in contrast with the economic recovery that has begun to take place in 2021. The increase in gross interactive revenue was primarily due to an increase in our streaming and website content revenue. The increase in non-spot gross revenue was primarily due to us starting to host events again in 2021, whereas the number of events being held in 2020 due to the COVID-19 pandemic was relatively very few. The decrease in gross political revenue was due to fewer national, state and local elections in 2021 versus 2020 in the majority of our markets.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: collaboration, Dakota, fluid, fourth, government, Head, Hilton, Ithaca, minimal, recission, translator, travel, Ukraine, uncertain, war, Yankton, York

Removed: announced, application, approval, ASU, attempt, back, beginning, Bellingham, building, clawback, decreased, development, disruption, effectively, fewer, finalized, found, franchise, functioning, guidance, iii, improve, iv, Keene, long, meeting, negative, nontaxable, onset, optimistic, physical, reliable, replaced, resolved, retain, safety, salary, simplify, Simplifying, standard, suspending, Talbot, television, treatment, unpredictability, vi, Washington

From filing 10-Q 2022 Q1

Financial reports

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