Capital Management Corp VA Has $26.51 Million Stock Position in Sinclair, Inc. (NASDAQ:SBGI)

Capital Management Corp VA decreased its holdings in shares of Sinclair, Inc. (NASDAQ:SBGI) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,732,710 shares of the company’s stock after selling 25,814 shares during the period. Sinclair accounts for about 4.7% of Capital Management Corp VA’s holdings, making the stock its 3rd largest holding. Capital Management Corp VA’s holdings in Sinclair were worth $26,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBGI. nVerses Capital LLC purchased a new stake in Sinclair during the 2nd quarter valued at $28,000. GAMMA Investing LLC boosted its stake in shares of Sinclair by 81.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock worth $35,000 after buying an additional 1,026 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Sinclair in the 3rd quarter worth $39,000. Fidelis Capital Partners LLC bought a new position in Sinclair in the 1st quarter worth $49,000. Finally, EntryPoint Capital LLC raised its holdings in Sinclair by 37.2% in the 1st quarter. EntryPoint Capital LLC now owns 4,001 shares of the company’s stock worth $54,000 after purchasing an additional 1,085 shares during the period. Institutional investors own 41.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SBGI. Rosenblatt Securities raised their target price on Sinclair from $16.40 to $16.50 and gave the stock a “neutral” rating in a report on Friday, September 20th. Benchmark raised their target price on Sinclair from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, StockNews.com raised Sinclair from a “sell” rating to a “hold” rating in a report on Saturday, September 28th.

Sinclair Trading Down 2.0 %

SBGI opened at $16.94 on Tuesday. Sinclair, Inc. has a 12 month low of $11.13 and a 12 month high of $17.98. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 14.93. The stock has a 50-day moving average of $15.38 and a 200 day moving average of $14.07.

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

Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 5.90%. Sinclair’s dividend payout ratio (DPR) is presently -18.28%.

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.