SGANasdaqRadio Broadcasting StationsFiscal year ends December 31
SAGA COMMUNICATIONS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$8.32+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $50.71M
- P/E (TTM)
- –
- Dividend yield
- 12.02%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
53.6%
3M of 6M shares
Institutional holders
28
3 new, 2 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $68.38K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Judith A. Christian | 884,585 | 13.90% | 13G (passive) amendment | Mar 31, 2026 |
| Gate City Capital Management, LLC | 863,845 | 13.80% | 13D (active) amendment | Mar 13, 2025 |
| Michael Melby | 863,845 | 13.80% | 13D (active) amendment | Mar 26, 2025 |
| Stanley Kesselman | 391,355 | 6.20% | 13G (passive) amendment | Dec 31, 2025 |
| Dimensional Fund Advisors LP | 346,461 | 5.70% | 13G (passive) amendment | Dec 29, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of SGA | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Towerview LLC | 1,161,144 | 18.26% | $10.53M | – | 6.91% |
| Gate City Capital Management, LLC | 863,845 | 13.59% | $7.84M | – | 2.03% |
| Dimensional Fund Advisors LP | 330,263 | 5.19% | $3.00M | −20,392 | 0.00% |
| Peapod Lane Capital LLC | 209,865 | 3.30% | $1.90M | +3,313 | 1.28% |
| Vanguard Capital Management LLC | 188,722 | 2.97% | $1.71M | +2,515 | 0.00% |
| BlackRock, Inc. | 133,018 | 2.09% | $1.21M | +3,680 | 0.00% |
| Renaissance Technologies LLC | 105,918 | 1.67% | $960.68K | −526 | 0.00% |
| Bridgeway Capital Management, LLC | 71,961 | 1.13% | $652.69K | +400 | 0.01% |
| Geode Capital Management, LLC | 64,563 | 1.02% | $586.12K | −7,539 | 0.00% |
| Mork Capital Management, LLC | 50,000 | 0.79% | $453.50K | – | 0.29% |
| Nuveen, LLC | 42,393 | 0.67% | $384.51K | – | 0.00% |
| Empowered Funds, LLC | 35,972 | 0.57% | $326.27K | – | 0.00% |
| Vanguard Fiduciary Trust Co | 34,768 | 0.55% | $315.35K | +211 | 0.00% |
| LPL Financial LLC | 30,150 | 0.47% | $273.46K | +7,025 | 0.00% |
| Marquette Asset Management, LLC | 28,352 | 0.45% | $257.15K | New | 0.03% |
| State Street Corp | 22,098 | 0.35% | $200.43K | – | 0.00% |
| Hrt Financial LP | 12,207 | 0.19% | $110 | New | 0.00% |
| Northern Trust Corp | 10,775 | 0.17% | $97.73K | −2,696 | 0.00% |
| Morgan Stanley | 9,925 | 0.16% | $90.02K | +284 | 0.00% |
| Vanguard Global Advisers, LLC | 1,764 | 0.03% | $16.00K | – | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 28 | 3M | 53.6% | 3 / 11 | 5 / 2 | 0M | 0M |
| Q1 2026 | 27 | 3M | 53.4% | 4 / 11 | 3 / 2 | 0M | 0M |
| Q4 2025 | 26 | 3M | 52.5% | 2 / 6 | 12 / 3 | 0M | 0M |
| Q3 2025 | 27 | 4M | 56.5% | 0 / 5 | 12 / 4 | 0M | 0M |
| Q2 2025 | 31 | 4M | 57.8% | 1 / 10 | 9 / 1 | 0M | 0M |
| Q1 2025 | 31 | 4M | 57.3% | 1 / 8 | 9 / 7 | 0M | 0M |
| Q4 2024 | 38 | 4M | 59.3% | 6 / 12 | 11 / 5 | 1M | 0M |
| Q3 2024 | 37 | 3M | 54.1% | 2 / 12 | 11 / 6 | 0M | 0M |
| Q2 2024 | 42 | 4M | 55.4% | 4 / 9 | 17 / 4 | 0M | 0M |
| Q1 2024 | 43 | 4M | 58.3% | 1 / 15 | 13 / 3 | 0M | 0M |
| Q4 2023 | 45 | 4M | 56.4% | 10 / 15 | 9 / 2 | 1M | 1M |
| Q3 2023 | 37 | 3M | 54.4% | 4 / 14 | 9 / 4 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of SGA | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 131,209 | 2.06% | $1.19M | 0.00% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 87,114 | 1.37% | $779.67K | 0.00% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 54,787 | 0.86% | $496.92K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 39,687 | 0.62% | $376.23K | 0.00% | May 31, 2026 |
| U.S. Targeted Value Portfolio | 36,235 | 0.57% | $324.30K | 0.00% | Jul 31, 2026 |
| EA Bridgeway Omni Small-Cap Value ETF | 35,972 | 0.57% | $326.27K | 0.01% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 31,016 | 0.49% | $277.59K | 0.00% | Jul 31, 2026 |
| U.S. Small Cap Portfolio | 21,962 | 0.35% | $196.56K | 0.00% | Jul 31, 2026 |
| Omni Small-Cap Value Fund | 21,009 | 0.33% | $190.55K | 0.01% | Jun 30, 2026 |
| Dimensional U.S. Small Cap ETF | 18,663 | 0.29% | $167.03K | 0.00% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 17,891 | 0.28% | $160.12K | 0.00% | Jul 31, 2026 |
| Dimensional US Small Cap Value ETF | 17,762 | 0.28% | $158.97K | 0.00% | Jul 31, 2026 |
| iShares Micro-Cap ETF | 15,881 | 0.25% | $144.04K | 0.01% | Jun 30, 2026 |
| U.S. Core Equity 1 Portfolio | 14,867 | 0.23% | $133.06K | 0.00% | Jul 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 14,649 | 0.23% | $131.11K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Christopher Forgy | PRESIDENT & CEO, Director | 109,927 | 1.73% | Dec 17, 2025 |
| Samuel D. Bush | EVP, TREASURER & CFO | 69,508 | 1.09% | Dec 17, 2025 |
| Catherine A. Bobinski | SVP, CHIEF ACCOUNTING OFFICER | 38,524 | 0.61% | Dec 17, 2025 |
| Wayne Leland | CHIEF OPERATING OFFICER | 31,576 | 0.50% | Dec 17, 2025 |
| Michael W. Schechter | Director | 10,430 | 0.16% | Dec 12, 2025 |
| Roy F. Coppedge III | Director | 17,266 | 0.27% | Dec 12, 2025 |
| Timothy J. Clarke | Director | 19,130 | 0.30% | Dec 12, 2025 |
| Warren S. Lada | Director | 35,437 | 0.56% | Dec 12, 2025 |
| Clarke Roger Brown Jr | Director | 19,272 | 0.30% | Dec 12, 2025 |
| Michael Scafidi | Director | 2,960 | 0.05% | Dec 12, 2025 |
| Gregory David Sutherland | Director | 1,112 | 0.02% | Dec 12, 2025 |
| Marcia Lobaito | Director | 25,058 | 0.39% | Dec 9, 2024 |
| K. Christian Trust Edward | 10% owner | 1,767,753 | 27.80% | Feb 27, 2026 |
| Gate City Capital Management, Llc | 10% owner | 863,845 | 13.59% | Jan 8, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| K. Christian Trust Edward 10% owner | Feb 25, 2026 | Sale | −5,665 | $12.07 | $68.38K | 881,044 |
| Christopher Forgy PRESIDENT & CEO, Director | Dec 15, 2025 | Tax withholding | −9,316 | $11.44 | $106.58K | 109,158 |
| Samuel D. Bush EVP, TREASURER & CFO | Dec 15, 2025 | Tax withholding | −3,216 | $11.44 | $36.79K | 66,919 |
| Wayne Leland CHIEF OPERATING OFFICER | Dec 15, 2025 | Tax withholding | −1,912 | $11.44 | $21.87K | 30,010 |
| Catherine A. Bobinski SVP, CHIEF ACCOUNTING OFFICER | Dec 15, 2025 | Tax withholding | −2,088 | $11.44 | $23.89K | 37,135 |
| Roy F. Coppedge III Director | Dec 10, 2025 | Award | +4,446 | – | – | 17,266 |
| Timothy J. Clarke Director | Dec 10, 2025 | Award | +4,446 | – | – | 17,503 |
| Christopher Forgy PRESIDENT & CEO, Director | Dec 10, 2025 | Award | +30,412 | – | – | 118,474 |
| Gregory David Sutherland Director | Dec 10, 2025 | Award | +1,112 | – | – | 1,112 |
| Wayne Leland CHIEF OPERATING OFFICER | Dec 10, 2025 | Award | +8,054 | – | – | 31,922 |
| Warren S. Lada Director | Dec 10, 2025 | Award | +4,446 | – | – | 34,817 |
| Catherine A. Bobinski SVP, CHIEF ACCOUNTING OFFICER | Dec 10, 2025 | Award | +6,292 | – | – | 39,223 |
| Clarke Roger Brown Jr Director | Dec 10, 2025 | Award | +4,446 | – | – | 19,272 |
| Michael W. Schechter Director | Dec 10, 2025 | Award | +4,446 | – | – | 10,430 |
| Samuel D. Bush EVP, TREASURER & CFO | Dec 10, 2025 | Award | +10,319 | – | – | 70,135 |
| Michael Scafidi Director | Dec 10, 2025 | Award | +2,960 | – | – | 2,960 |
| Catherine A. Bobinski SVP, CHIEF ACCOUNTING OFFICER | Nov 6, 2025 | Tax withholding | −564 | $12.11 | $6.83K | 32,931 |
| Wayne Leland CHIEF OPERATING OFFICER | Nov 6, 2025 | Tax withholding | −276 | $12.11 | $3.34K | 23,868 |
| Christopher Forgy PRESIDENT & CEO, Director | Nov 6, 2025 | Tax withholding | −760 | $12.11 | $9.20K | 88,062 |
| K. Christian Trust Edward 10% owner | Oct 21, 2025 | Sale | −1,669 | $12.50 | $20.86K | 886,709 |
| K. Christian Trust Edward 10% owner | Oct 16, 2025 | Sale | −761 | $12.51 | $9.52K | 888,378 |
| K. Christian Trust Edward 10% owner | Oct 15, 2025 | Sale | −682 | $12.56 | $8.57K | 889,139 |
| K. Christian Trust Edward 10% owner | Oct 14, 2025 | Sale | −748 | $12.51 | $9.36K | 889,821 |
| K. Christian Trust Edward 10% owner | Oct 8, 2025 | Sale | −1 | $13.03 | $13 | 890,569 |
| K. Christian Trust Edward 10% owner | Oct 7, 2025 | Sale | −10 | $13.00 | $130 | 890,570 |
| K. Christian Trust Edward 10% owner | Oct 6, 2025 | Sale | −629 | $13.04 | $8.20K | 890,580 |
| K. Christian Trust Edward 10% owner | Oct 2, 2025 | Sale | −1,678 | $12.50 | $20.98K | 891,209 |
| K. Christian Trust Edward 10% owner | Oct 1, 2025 | Sale | −546 | $12.61 | $6.89K | 892,887 |
| K. Christian Trust Edward 10% owner | Sep 30, 2025 | Sale | −48 | $12.57 | $603 | 893,433 |
| K. Christian Trust Edward 10% owner | Sep 26, 2025 | Sale | −316 | $12.51 | $3.95K | 893,481 |
| K. Christian Trust Edward 10% owner | Sep 19, 2025 | Sale | −581 | $12.63 | $7.34K | 893,797 |
| K. Christian Trust Edward 10% owner | Aug 25, 2025 | Sale | −1,054 | $13.34 | $14.06K | 894,378 |
| K. Christian Trust Edward 10% owner | Aug 22, 2025 | Sale | −1,727 | $13.29 | $22.95K | 895,432 |
| K. Christian Trust Edward 10% owner | Aug 7, 2025 | Sale | −1,027 | $12.59 | $12.93K | 897,159 |
| K. Christian Trust Edward 10% owner | Jul 31, 2025 | Sale | −400 | $13.06 | $5.22K | 898,186 |
| K. Christian Trust Edward 10% owner | Jul 30, 2025 | Sale | −689 | $13.10 | $9.03K | 898,586 |
| K. Christian Trust Edward 10% owner | Jul 25, 2025 | Sale | −1,799 | $13.40 | $24.11K | 899,275 |
| K. Christian Trust Edward 10% owner | Jul 23, 2025 | Sale | −608 | $13.02 | $7.92K | 901,074 |
| K. Christian Trust Edward 10% owner | Jul 15, 2025 | Sale | −704 | $13.55 | $9.54K | 901,682 |
| K. Christian Trust Edward 10% owner | Jul 14, 2025 | Sale | −3,017 | $13.50 | $40.73K | 902,386 |
| K. Christian Trust Edward 10% owner | Jul 11, 2025 | Sale | −3,300 | $13.63 | $44.98K | 905,403 |
| K. Christian Trust Edward 10% owner | Jul 9, 2025 | Sale | −5 | $13.50 | $68 | 908,703 |
| K. Christian Trust Edward 10% owner | Jul 3, 2025 | Sale | −5,300 | $13.21 | $70.01K | 908,708 |
| K. Christian Trust Edward 10% owner | Jul 1, 2025 | Sale | −6,269 | $13.05 | $81.81K | 914,008 |
| K. Christian Trust Edward 10% owner | Jun 27, 2025 | Sale | −1,990 | $12.89 | $25.65K | 920,277 |
| K. Christian Trust Edward 10% owner | Jun 25, 2025 | Sale | −4,400 | $13.12 | $57.73K | 922,267 |
| K. Christian Trust Edward 10% owner | Jun 17, 2025 | Sale | −33 | $12.51 | $413 | 926,667 |
| K. Christian Trust Edward 10% owner | Jun 16, 2025 | Sale | −50 | $12.50 | $625 | 926,700 |
| K. Christian Trust Edward 10% owner | Jun 12, 2025 | Sale | −305 | $12.70 | $3.87K | 926,750 |
| K. Christian Trust Edward 10% owner | Jun 11, 2025 | Sale | −70 | $12.66 | $886 | 927,055 |
| K. Christian Trust Edward 10% owner | Jun 5, 2025 | Sale | −9,583 | $12.72 | $121.90K | 927,125 |
| K. Christian Trust Edward 10% owner | Apr 4, 2025 | Sale | −9 | $12.51 | $113 | 936,708 |
| K. Christian Trust Edward 10% owner | Apr 3, 2025 | Sale | −3 | $12.65 | $38 | 936,717 |
| K. Christian Trust Edward 10% owner | Apr 2, 2025 | Sale | −1,500 | $12.56 | $18.84K | 936,720 |
| K. Christian Trust Edward 10% owner | Apr 1, 2025 | Sale | −30 | $12.66 | $380 | 938,220 |
| K. Christian Trust Edward 10% owner | Feb 14, 2025 | Sale | −5,000 | $12.56 | $62.80K | 938,250 |
| K. Christian Trust Edward 10% owner | Feb 7, 2025 | Sale | −1,750 | $12.75 | $22.31K | 943,250 |
| K. Christian Trust Edward 10% owner | Feb 5, 2025 | Sale | −5,651 | $12.72 | $71.88K | 945,000 |
| K. Christian Trust Edward 10% owner | Feb 3, 2025 | Sale | −5,000 | $12.61 | $63.05K | 950,651 |
| K. Christian Trust Edward 10% owner | Jan 31, 2025 | Sale | −1,587 | $12.51 | $19.85K | 955,651 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| K. Christian Agreement Of Trust Edward 10% Stockholder | Feb 25, 2026 | 5,665 | $68.35K | Feb 25, 2026 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 21, 2025 | 1,669 | $20.86K | Oct 21, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 16, 2025 | 761 | $9.52K | Oct 16, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 15, 2025 | 682 | $8.57K | Oct 15, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 14, 2025 | 748 | $9.36K | Oct 14, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 8, 2025 | 1 | $13 | Oct 8, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 7, 2025 | 10 | $130 | Oct 7, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 6, 2025 | 629 | $8.20K | Oct 6, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 2, 2025 | 1,678 | $20.98K | Oct 2, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Oct 1, 2025 | 546 | $6.88K | Oct 1, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Sep 30, 2025 | 48 | $603 | Sep 30, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Sep 26, 2025 | 316 | $3.95K | Sep 26, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Sep 19, 2025 | 581 | $7.34K | Sep 19, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Aug 25, 2025 | 1,054 | $14.06K | Aug 25, 2025 | Distribution from a Trust or an Estate |
| K. Christian Agreement Of Trust Edward 10% Stockholder | Aug 22, 2025 | 1,727 | $22.95K | Aug 22, 2025 | Distribution from a Trust or an Estate |