North Star Investment Management Corp. raised its stake in shares of A. H. Belo Co. (NYSE:AHC) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,061 shares of the company’s stock after buying an additional 105,314 shares during the period. A. H. Belo makes up approximately 0.9% of North Star Investment Management Corp.’s holdings, making the stock its 19th largest position. North Star Investment Management Corp. owned approximately 5.37% of A. H. Belo worth $6,419,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. TFS Capital LLC increased its position in A. H. Belo by 22.2% in the first quarter. TFS Capital LLC now owns 19,282 shares of the company’s stock valued at $119,000 after buying an additional 3,509 shares during the last quarter. Bank of New York Mellon Corp increased its position in A. H. Belo by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 205,758 shares of the company’s stock valued at $1,266,000 after buying an additional 6,281 shares during the last quarter. Bank of America Corp DE increased its position in A. H. Belo by 15.5% in the first quarter. Bank of America Corp DE now owns 55,018 shares of the company’s stock valued at $338,000 after buying an additional 7,371 shares during the last quarter. Dimensional Fund Advisors LP increased its position in A. H. Belo by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,462,441 shares of the company’s stock valued at $9,287,000 after buying an additional 29,660 shares during the last quarter. Finally, Teton Advisors Inc. increased its position in A. H. Belo by 150.5% in the first quarter. Teton Advisors Inc. now owns 50,093 shares of the company’s stock valued at $308,000 after buying an additional 30,093 shares during the last quarter. 64.55% of the stock is currently owned by institutional investors.
A. H. Belo Co. (AHC) opened at 4.90 on Friday. The firm’s 50-day moving average price is $5.40 and its 200-day moving average price is $5.90. A. H. Belo Co. has a 1-year low of $4.85 and a 1-year high of $7.95. The firm’s market cap is $106.59 million.
A. H. Belo (NYSE:AHC) last issued its earnings results on Tuesday, August 1st. The company reported ($0.04) EPS for the quarter. The business had revenue of $63.09 million during the quarter. A. H. Belo had a negative net margin of 1.28% and a negative return on equity of 4.50%. Equities research analysts anticipate that A. H. Belo Co. will post $0.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 6.53%. The ex-dividend date is Wednesday, August 9th. A. H. Belo’s payout ratio is currently -28.07%.
Separately, ValuEngine cut A. H. Belo from a “hold” rating to a “sell” rating in a research note on Friday.
About A. H. Belo
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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