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 company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $5.15, for a total transaction of $14,929.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of A.H. Belo Corporation (NYSE AHC) traded down $0.13 during mid-day trading on Friday, hitting $5.05. 56,842 shares of the stock traded hands, compared to its average volume of 31,142. The firm has a market cap of $109.85, a PE ratio of 84.17 and a beta of 0.76. A.H. Belo Corporation has a 1 year low of $4.35 and a 1 year high of $6.90.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 6.34%. A.H. Belo Corporation’s payout ratio is -32.00%.

A.H. Belo Corporation declared that its Board of Directors has authorized a stock repurchase plan on Monday, October 30th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of A.H. Belo Corporation from a “c-” rating to a “d+” rating in a report on Friday, August 11th. ValuEngine lowered shares of A.H. Belo Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of A.H. Belo Corporation by 2.2% during the 1st 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 during the last quarter. North Star Investment Management Corp. boosted its position in shares of A.H. Belo Corporation by 9.9% during the 2nd 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 during the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of A.H. Belo Corporation by 1.3% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,065,620 shares of the company’s stock valued at $5,861,000 after acquiring an additional 14,000 shares during the last quarter. Penn Capital Management Co. Inc. boosted its position in shares of A.H. Belo Corporation by 1.0% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 262,564 shares of the company’s stock valued at $1,444,000 after acquiring an additional 2,668 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its position in shares of A.H. Belo Corporation by 150.0% during the 2nd quarter. Heartland Advisors Inc. now owns 250,000 shares of the company’s stock valued at $1,375,000 after acquiring an additional 150,000 shares during the last quarter. 56.96% of the stock is currently owned by hedge funds and other institutional investors.

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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