Daniel Keith Sells 22,613 Shares of Sinclair (NASDAQ:SBGI) Stock

Sinclair, Inc. (NASDAQ:SBGI) Director Daniel Keith sold 22,613 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $13.10, for a total transaction of $296,230.30. Following the completion of the sale, the director owned 25,027 shares of the company’s stock, valued at $327,853.70. This trade represents a 47.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Sinclair Stock Performance

Shares of NASDAQ:SBGI opened at $13.01 on Friday. The company has a market capitalization of $931.76 million, a price-to-earnings ratio of -7.74 and a beta of 1.03. Sinclair, Inc. has a 12 month low of $11.89 and a 12 month high of $17.88. The firm’s 50-day moving average is $14.27 and its 200 day moving average is $14.66. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 11.78.

Sinclair (NASDAQ:SBGI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. Sinclair had a negative net margin of 3.53% and a negative return on equity of 64.27%. The business had revenue of $836.00 million during the quarter, compared to the consensus estimate of $840.25 million. During the same quarter last year, the firm earned $2.61 earnings per share. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. Research analysts predict that Sinclair, Inc. will post 4.24 EPS for the current year.

Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Sinclair’s dividend payout ratio (DPR) is currently -59.52%.

Key Headlines Impacting Sinclair

Here are the key news stories impacting Sinclair this week:

• Positive Sentiment: Sinclair paid its quarterly dividend ($0.25; annualized $1.00), implying a ~7.7% yield that supports demand from income-focused investors. This steady cash return can help buoy the share price even as operating results remain uneven. MarketBeat SBGI
• Neutral Sentiment: Broker consensus is roughly a “Hold” with a wide spread of opinions (two Buys, two Holds, two Sells reported), leaving near-term direction dependent on earnings/cash flow and potential M&A or cost actions. The stock trades below its 50- and 200-day averages, so technicals are neutral-to-cautious. Analyst Consensus
• Negative Sentiment: Director Daniel C. Keith sold roughly 42,000 SBGI shares across filings dated March 31–April 2 at an average price of $13.10, materially reducing his stake — a notable insider exit that can pressure sentiment and signal limited near-term insider confidence. InsiderTrades: Keith Sales
• 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 selling pressure from discretionary managers. JPMorgan Note

Institutional Investors Weigh In On Sinclair

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Madison Avenue Partners LP purchased a new stake in shares of Sinclair in the 4th quarter worth $13,918,000. Goldman Sachs Group Inc. increased its stake in shares of Sinclair by 143.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 906,872 shares of the company’s stock valued at $13,875,000 after buying an additional 534,573 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Sinclair by 23.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,946,274 shares of the company’s stock valued at $29,778,000 after acquiring an additional 373,566 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Sinclair by 7.7% in the third quarter. Gamco Investors INC. ET AL now owns 4,242,962 shares of the company’s stock worth $64,069,000 after acquiring an additional 302,160 shares during the period. Finally, Verition Fund Management LLC lifted its stake in Sinclair by 890.3% in the third quarter. Verition Fund Management LLC now owns 306,637 shares of the company’s stock worth $4,630,000 after acquiring an additional 275,674 shares during the period. 41.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen upgraded Sinclair from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Wells Fargo & Company upped their price target on shares of Sinclair from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Benchmark raised their price target on shares of Sinclair from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Sinclair from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Weiss Ratings cut shares of Sinclair from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.25.

About Sinclair

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.