SG Americas Securities LLC raised its holdings in New Media Investment Group Inc. (NYSE:NEWM) by 33.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,792 shares of the company’s stock after buying an additional 9,140 shares during the period. SG Americas Securities LLC owned about 0.07% of New Media Investment Group worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NEWM. State Street Corp lifted its position in shares of New Media Investment Group by 14.2% during the first quarter. State Street Corp now owns 1,231,617 shares of the company’s stock valued at $17,500,000 after purchasing an additional 153,300 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of New Media Investment Group by 62.3% during the second quarter. Nisa Investment Advisors LLC now owns 17,450 shares of the company’s stock valued at $239,000 after purchasing an additional 6,700 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of New Media Investment Group during the second quarter valued at about $446,000. Municipal Employees Retirement System of Michigan lifted its position in shares of New Media Investment Group by 38.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 63,430 shares of the company’s stock valued at $855,000 after purchasing an additional 17,450 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of New Media Investment Group by 5.6% during the second quarter. Great West Life Assurance Co. Can now owns 75,588 shares of the company’s stock valued at $1,018,000 after purchasing an additional 4,000 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

New Media Investment Group Inc. (NYSE:NEWM) traded down $0.06 on Monday, hitting $16.92. 131,000 shares of the company were exchanged, compared to its average volume of 361,122. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.84 and a quick ratio of 1.74. New Media Investment Group Inc. has a one year low of $11.87 and a one year high of $17.62. The company has a market capitalization of $900.48, a price-to-earnings ratio of 47.00 and a beta of 1.36.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Wednesday, November 8th were given a dividend of $0.37 per share. This is a positive change from New Media Investment Group’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date was Tuesday, November 7th. New Media Investment Group’s dividend payout ratio (DPR) is presently -704.76%.

Separately, BidaskClub lowered shares of New Media Investment Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 25th.

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New Media Investment Group 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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Institutional Ownership by Quarter for New Media Investment Group (NYSE:NEWM)

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