Separately, TheStreet raised SEI Investments from a c+ rating to a b- rating in a report on Tuesday, March 12th.
Shares of AHC opened at $3.69 on Monday. A. H. Belo has a 12-month low of $3.35 and a 12-month high of $4.80. The stock has a 50-day moving average price of $3.76.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a $0.08 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 8.67%.
In other A. H. Belo news, Director James M. Moroney III sold 27,256 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $4.03, for a total value of $109,841.68. Following the sale, the director now owns 236,164 shares in the company, valued at approximately $951,740.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James M. Moroney III sold 24,542 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $4.01, for a total value of $98,413.42. Following the completion of the sale, the director now owns 282,862 shares in the company, valued at approximately $1,134,276.62. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 153,944 shares of company stock valued at $714,730 and sold 56,743 shares valued at $228,035. 12.80% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AHC. Gamco Investors INC. ET AL grew its position in shares of A. H. Belo by 42.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 110,000 shares of the company’s stock valued at $409,000 after buying an additional 33,000 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of A. H. Belo in the 1st quarter valued at about $67,000. Teton Advisors Inc. grew its position in shares of A. H. Belo by 13.1% in the 1st quarter. Teton Advisors Inc. now owns 130,039 shares of the company’s stock valued at $484,000 after buying an additional 15,038 shares during the last quarter. Finally, Penn Capital Management Co. Inc. grew its position in shares of A. H. Belo by 3.5% in the 4th quarter. Penn Capital Management Co. Inc. now owns 322,609 shares of the company’s stock valued at $1,087,000 after buying an additional 11,035 shares during the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.
A. H. Belo Company Profile
A.H. Belo Corporation, together with its subsidiaries, operates as a local news and information publishing company primarily in Texas. The company operates through two segments, Publishing and Marketing Services. The Publishing segment publishes The Dallas Morning News, a newspaper; Briefing newspaper; and Al Dia, a Spanish-language newspaper, as well as operates related Websites and applications.
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