Insider Selling: Sinclair (NASDAQ:SBGI) Director Sells $296,230.30 in Stock

Sinclair, Inc. (NASDAQ:SBGI) Director Daniel Keith sold 22,613 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $13.10, for a total value of $296,230.30. Following the sale, the director directly owned 25,027 shares of the company’s stock, valued at approximately $327,853.70. The trade was a 47.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sinclair Price Performance

Sinclair stock opened at $13.01 on Friday. The stock has a market capitalization of $931.78 million, a PE ratio of -7.74 and a beta of 1.03. Sinclair, Inc. has a twelve month low of $11.89 and a twelve month high of $17.88. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 11.78. The company has a 50 day moving average of $14.27 and a 200-day moving average of $14.67.

Sinclair (NASDAQ:SBGI) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $836.00 million for the quarter, compared to analyst estimates of $840.25 million. Sinclair had a negative net margin of 3.53% and a negative return on equity of 64.27%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period last year, the business posted $2.61 earnings per share. On average, equities research analysts anticipate that Sinclair, Inc. will post 4.24 EPS for the current fiscal year.

Sinclair Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBGI. Geneos Wealth Management Inc. increased its position in shares of Sinclair by 142.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,815 shares of the company’s stock worth $25,000 after purchasing an additional 1,065 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Sinclair in the 4th quarter valued at approximately $32,000. Tower Research Capital LLC TRC grew its stake 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 buying an additional 1,882 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Sinclair in the third quarter valued at $48,000. Finally, Raymond James Financial Inc. acquired a new position in Sinclair during the second quarter worth $54,000. 41.71% of the stock is owned by institutional investors and hedge funds.

Key Sinclair News

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

Sinclair Company Profile

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.