Key Points
- Insider sale: Director Daniel Keith sold 1,398 Sinclair shares on April 1 at $13.10 (≈$18,314), a 2.85% reduction in his holding, and filings indicate he sold roughly 42,000 shares across March 31–April 2, materially trimming his stake.
- High dividend but weak profitability: Sinclair paid a $0.25 quarterly dividend (annualized $1.00) for a ~7.7% yield, yet the company shows negative return on equity and net margin and a negative DPR.
- Mixed operational and analyst signals: The company beat EPS estimates ($0.04 vs. -$0.03) despite revenue falling 16.7% year-over-year, while JPMorgan cut its price target to $14 and the street consensus remains a lukewarm "Hold" (average target $20.25).
Sinclair, Inc. (NASDAQ:SBGI - Get Free Report) Director Daniel Keith sold 1,398 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $13.10, for a total value of $18,313.80. Following the transaction, the director directly owned 47,640 shares of the company's stock, valued at approximately $624,084. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Sinclair Stock Down 0.4%
SBGI opened at $13.01 on Friday. The company has a debt-to-equity ratio of 11.78, a current ratio of 2.42 and a quick ratio of 2.42. Sinclair, Inc. has a 12 month low of $11.89 and a 12 month high of $17.88. The stock has a market capitalization of $931.78 million, a P/E ratio of -7.74 and a beta of 1.03. The business has a 50 day simple moving average of $14.31 and a 200-day simple moving average of $14.67.
Sinclair (NASDAQ:SBGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.07. The firm had revenue of $836.00 million for the quarter, compared to analyst estimates of $840.25 million. Sinclair had a negative return on equity of 64.27% and a negative net margin of 3.53%.Sinclair's quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.61 earnings per share. On average, equities analysts anticipate that Sinclair, Inc. will post 4.24 earnings per share for the current fiscal year.
Sinclair Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Tuesday, March 10th. Sinclair's dividend payout ratio (DPR) is currently -59.52%.
Trending Headlines about Sinclair
Here are the key news stories impacting Sinclair this week:
- Positive Sentiment: Company paid its quarterly dividend ($0.25; annualized $1.00, ~7.7% yield), which supports income-focused investor demand. Read More.
- Neutral Sentiment: Broker consensus remains mixed-to-cautious: the street average rating is roughly a "Hold" with a wide range of targets and opinions, leaving stock direction dependent on near-term results and catalysts. Read More.
- Negative Sentiment: Director Daniel C. Keith sold a total of 42,000 shares across filings dated March 31–April 2 at an average price of $13.10 (roughly $550k in proceeds), materially reducing his stake — a signal that can weigh on sentiment. Read More.
- Negative Sentiment: JPMorgan lowered its price target to $14.00 and moved to an "underweight" stance, removing upside expectations from a major sell-side voice and likely contributing to near-term selling pressure. Read More.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Weiss Ratings downgraded shares of Sinclair from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 2nd. Benchmark lifted their price target on shares of Sinclair from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. decreased their price target on Sinclair from $15.00 to $14.00 and set an "underweight" rating on the stock in a research note on Wednesday. Wells Fargo & Company upped their price target on Sinclair from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Thursday, February 26th. Finally, Wall Street Zen raised Sinclair from a "sell" rating to a "hold" rating in a report on Sunday, February 22nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $20.25.
Read Our Latest Analysis on SBGI
Institutional Trading of Sinclair
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its stake in Sinclair by 7.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 4,242,962 shares of the company's stock valued at $64,069,000 after purchasing an additional 302,160 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sinclair by 5.9% during the 4th quarter. Vanguard Group Inc. now owns 3,934,311 shares of the company's stock worth $60,195,000 after purchasing an additional 220,623 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sinclair by 23.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,946,274 shares of the company's stock worth $29,778,000 after purchasing an additional 373,566 shares during the last quarter. Capital Management Corp VA grew its holdings in shares of Sinclair by 6.2% during the third quarter. Capital Management Corp VA now owns 1,655,050 shares of the company's stock worth $24,991,000 after buying an additional 97,226 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Sinclair by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,509,006 shares of the company's stock valued at $23,089,000 after buying an additional 73,241 shares during the last quarter. Hedge funds and other institutional investors own 41.71% of the company's stock.
Sinclair Company Profile
(
Get Free Report)
Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.
At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.
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