BidaskClub upgraded shares of New Media Investment Group Inc. (NYSE:NEWM) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning.
New Media Investment Group (NYSE:NEWM) traded down $0.07 during mid-day trading on Tuesday, hitting $15.87. The company had a trading volume of 158,700 shares, compared to its average volume of 371,379. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.84 and a quick ratio of 1.74. The company has a market capitalization of $848.33, a P/E ratio of 44.28 and a beta of 1.31. New Media Investment Group has a 12-month low of $11.87 and a 12-month high of $16.99.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Wednesday, November 8th will be issued a $0.37 dividend. The ex-dividend date is Tuesday, November 7th. This is an increase from New Media Investment Group’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 9.33%. New Media Investment Group’s payout ratio is currently -704.76%.
New Media Investment Group Company Profile
New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.
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