Daniel Keith Sells 17,000 Shares of Sinclair (NASDAQ:SBGI) Stock

Posted by Stanley Muller on Jul 9th, 2026

Sinclair, Inc. (NASDAQ:SBGI – Get Free Report) Director Daniel Keith sold 17,000 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $15.02, for a total value of $255,340.00. Following the completion of the sale, the director directly owned 25,122 shares of the company’s stock, valued at $377,332.44. The trade was a 40.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Sinclair Price Performance

Shares of NASDAQ:SBGI opened at $14.34 on Thursday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 11.10. The stock has a market cap of $1.03 billion, a PE ratio of 15.93 and a beta of 1.04. The stock’s fifty day simple moving average is $14.17 and its two-hundred day simple moving average is $14.52. Sinclair, Inc. has a 1-year low of $11.89 and a 1-year high of $17.88.

Sinclair (NASDAQ:SBGI – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.96. The firm had revenue of $807.00 million during the quarter, compared to analyst estimates of $792.63 million. Sinclair had a net margin of 2.00% and a negative return on equity of 12.62%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.30) EPS. As a group, analysts forecast that Sinclair, Inc. will post 1.68 EPS for the current fiscal year.

Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Sinclair’s dividend payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Guggenheim cut their target price on Sinclair from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings raised Sinclair from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on Sinclair in a research report on Wednesday, April 15th. Wells Fargo & Company decreased their target price on Sinclair from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. lowered their target price on Sinclair from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sinclair currently has a consensus rating of “Hold” and a consensus target price of $19.20.

Check Out Our Latest Stock Report on Sinclair

Hedge Funds Weigh In On Sinclair

Several institutional investors and hedge funds have recently bought and sold shares of SBGI. JPMorgan Chase & Co. raised its stake in shares of Sinclair by 239.5% in the third quarter. JPMorgan Chase & Co. now owns 105,490 shares of the company’s stock valued at $1,593,000 after buying an additional 74,415 shares during the period. Vanguard Group Inc. increased its holdings in Sinclair by 5.9% in the 4th quarter. Vanguard Group Inc. now owns 3,934,311 shares of the company’s stock worth $60,195,000 after acquiring an additional 220,623 shares during the last quarter. Madison Avenue Partners LP bought a new stake in Sinclair in the 4th quarter valued at about $13,918,000. UBS Group AG lifted its holdings in Sinclair by 46.7% during the fourth quarter. UBS Group AG now owns 180,880 shares of the company’s stock valued at $2,767,000 after purchasing an additional 57,616 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in Sinclair by 46.4% during the third quarter. Pinnacle Associates Ltd. now owns 668,621 shares of the company’s stock worth $10,096,000 after purchasing an additional 212,040 shares during the period. 41.71% of the stock is owned by institutional investors.

Sinclair Company Profile

(Get Free Report)

Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.

At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.