Insider Selling: Sinclair (NASDAQ:SBGI) Director Sells $235,655.90 in Stock

Sinclair, Inc. (NASDAQ:SBGI) Director Daniel Keith sold 17,989 shares of Sinclair stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $13.10, for a total value of $235,655.90. Following the completion of the sale, the director directly owned 49,038 shares in the company, valued at approximately $642,397.80. This represents a 26.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sinclair Stock Performance

SBGI opened at $13.01 on Friday. The business’s 50-day simple moving average is $14.27 and its 200 day simple moving average is $14.67. Sinclair, Inc. has a 52-week low of $11.89 and a 52-week high of $17.88. The company has a debt-to-equity ratio of 11.78, a quick ratio of 2.42 and a current ratio of 2.42. The firm has a market capitalization of $931.78 million, a PE ratio of -7.74 and a beta of 1.03.

Sinclair (NASDAQ:SBGI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $836.00 million during the quarter, compared to the consensus estimate of $840.25 million. Sinclair had a negative return on equity of 64.27% and a negative net margin of 3.53%.The business’s revenue was down 16.7% compared to the same quarter last year. During the same period last year, the company earned $2.61 earnings per share. As a group, sell-side analysts expect that Sinclair, Inc. will post 4.24 earnings per share for the current fiscal year.

Sinclair Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Tuesday, March 10th. Sinclair’s dividend payout ratio is presently -59.52%.

Sinclair News Roundup

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Sinclair

Large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its holdings in Sinclair by 142.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock valued at $25,000 after purchasing an additional 1,065 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Sinclair in the fourth quarter valued at $32,000. Tower Research Capital LLC TRC raised its position in shares of Sinclair by 175.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the company’s stock valued at $41,000 after purchasing an additional 1,882 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Sinclair in the third quarter valued at about $48,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Sinclair during the 2nd quarter worth about $54,000. Institutional investors own 41.71% of the company’s stock.

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.