Somewhat Favorable Press Coverage Somewhat Unlikely to Impact New Media Investment Group (NEWM) Share Price
Media headlines about New Media Investment Group (NYSE:NEWM) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New Media Investment Group earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.5138638085298 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, BidaskClub cut shares of New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th.
New Media Investment Group (NEWM) traded up $0.12 during mid-day trading on Friday, reaching $15.84. 206,400 shares of the company’s stock were exchanged, compared to its average volume of 373,130. The company has a current ratio of 1.84, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. New Media Investment Group has a fifty-two week low of $11.87 and a fifty-two week high of $17.19. The stock has a market cap of $836.62, a PE ratio of 43.67 and a beta of 1.31.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Wednesday, November 8th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date is Tuesday, November 7th. This is a boost from New Media Investment Group’s previous quarterly dividend of $0.35. New Media Investment Group’s payout ratio is currently -704.76%.
In related news, CEO Michael Reed purchased 20,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $13.60 per share, with a total value of $272,000.00. Following the purchase, the chief executive officer now directly owns 235,769 shares in the company, valued at $3,206,458.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.34% of the stock is owned by insiders.
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New Media Investment Group Company 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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