Michael Joseph Ohara Sells 2,899 Shares of A.H. Belo Corporation (AHC) Stock
A.H. Belo Corporation (NYSE:AHC) SVP Michael Joseph Ohara sold 2,899 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $5.15, for a total transaction of $14,929.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of A.H. Belo Corporation (AHC) traded down $0.20 during trading on Friday, reaching $5.00. 48,363 shares of the company’s stock were exchanged, compared to its average volume of 31,142. The firm has a market cap of $112.57, a P/E ratio of 86.25 and a beta of 0.76.
A.H. Belo Corporation (NYSE:AHC) last announced its earnings results on Tuesday, August 1st. The company reported ($0.04) EPS for the quarter. The firm had revenue of $63.09 million during the quarter. A.H. Belo Corporation had a positive return on equity of 1.70% and a negative net margin of 8.59%.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 6.40%. A.H. Belo Corporation’s dividend payout ratio is presently -32.00%.
A.H. Belo Corporation declared that its Board of Directors has approved a share buyback program on Monday, October 30th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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Institutional investors have recently made changes to their positions in the business. Heartland Advisors Inc. raised its holdings in A.H. Belo Corporation by 150.0% in the second quarter. Heartland Advisors Inc. now owns 250,000 shares of the company’s stock worth $1,375,000 after purchasing an additional 150,000 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of A.H. Belo Corporation by 15.5% during the first quarter. Bank of America Corp DE now owns 55,018 shares of the company’s stock valued at $338,000 after acquiring an additional 7,371 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of A.H. Belo Corporation by 9.9% during the second quarter. North Star Investment Management Corp. now owns 1,167,061 shares of the company’s stock valued at $6,419,000 after acquiring an additional 105,314 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of A.H. Belo Corporation by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 205,758 shares of the company’s stock valued at $1,266,000 after acquiring an additional 6,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of A.H. Belo Corporation by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,494,745 shares of the company’s stock valued at $9,193,000 after acquiring an additional 32,304 shares in the last quarter. Institutional investors and hedge funds own 56.96% of the company’s stock.
A number of equities analysts have commented on the stock. TheStreet downgraded shares of A.H. Belo Corporation from a “c-” rating to a “d+” rating in a report on Friday, August 11th. ValuEngine downgraded shares of A.H. Belo Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.
A.H. Belo Corporation Company Profile
A. H. Belo Corporation is a local news and information publishing company. The Company is engaged in providing commercial printing, distribution and direct mail services, as well as media and digital marketing services. The Company operates through two segments: Publishing and Marketing, Event Marketing and Other Services (MEMO).
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