Media stories about New Media Investment Group (NYSE:NEWM) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Media Investment Group earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.4944289929391 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of New Media Investment Group (NYSE NEWM) traded up $0.35 on Friday, reaching $15.72. 242,848 shares of the company traded hands, compared to its average volume of 305,872. The company has a current ratio of 1.84, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $836.62, a PE ratio of 43.67 and a beta of 1.31.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Wednesday, November 8th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.41%. This is a positive change from New Media Investment Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, November 7th. New Media Investment Group’s payout ratio is -666.67%.
Separately, BidaskClub raised shares of New Media Investment Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd.
In other news, CEO Michael Reed purchased 20,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $13.60 per share, for a total transaction of $272,000.00. Following the completion of the transaction, the chief executive officer now directly owns 235,769 shares in the company, valued at approximately $3,206,458.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.34% of the company’s stock.
About New Media Investment Group
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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