SEC Insider Narrative: The Insider Towerview Llc Unloaded 5000 shares of Samco Gold Ltd (CVE:SGA)

November 23, 2016 - By Ruchi Gupta

SEC Insider Narrative: The Insider Towerview Llc Unloaded 5000 shares of Samco Gold Ltd (CVE:SGA)

Towerview Llc Insider Buy

Towerview Llc is an insider of Saga Communications Inc. That well-know insider recently made a sale of 5,000 shares in the corporation with the trade value amounting to precisely $243,000 US Dollars. The number is based on the revealed price of $48.6 per each share. The probability of this sell staying unnoticed is little, with the insider presently having 1.28 million shares — that is 21.86% of the market cap of Saga Communications Inc.

Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.29, from 1.35 in 2016Q1. The ratio dropped, as 5 funds sold all Samco Gold Ltd shares owned while 12 reduced positions. 5 funds bought stakes while 18 increased positions. They now own 4.60 million shares or 0.74% less from 4.63 million shares in 2016Q1.

Moreover, Bankshares Of Montreal Can has 0% invested in Samco Gold Ltd (CVE:SGA) for 3 shares. Geode Mgmt Llc last reported 0% of its portfolio in the stock. Renaissance Limited Co last reported 0.01% of its portfolio in the stock. California Public Employees Retirement System, a California-based fund reported 22,200 shares. Pnc Svcs Gru has 0% invested in the company for 38 shares. Tiaa Cref Mgmt accumulated 0% or 12,587 shares. Prudential Financial Inc holds 0% of its portfolio in Samco Gold Ltd (CVE:SGA) for 8,244 shares. Springbok Capital Mgmt Limited Liability last reported 0% of its portfolio in the stock. Bridgeway Mngmt reported 26,004 shares or 0.02% of all its holdings. State Street reported 55,112 shares or 0% of all its holdings. The Delaware-based Blackrock Limited Liability has invested 0% in Samco Gold Ltd (CVE:SGA). American Gp holds 0% or 2,105 shares in its portfolio. Blackrock Institutional Na owns 133,949 shares or 0% of their US portfolio. Fmr Limited last reported 453,457 shares in the company. Schwab Charles Investment Management Inc accumulated 0% or 6,400 shares.

Insider Transactions: Since September 30, 2016, the stock had 0 insider buys, and 7 selling transactions for $846,944 net activity. TOWERVIEW LLC had sold 2,587 shares worth $119,819.

The stock closed at $0.045 during the last session. It is down 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

Samco Gold Limited is a mineral exploration firm that acquires, explores and develops mineral properties in South America. The company has a market cap of $2.93 million. The Company’s divisions include Corporate and Argentina. It currently has negative earnings. The Firm owns approximately 55,000 hectares of mineral exploration concessions, including over 10 projects, all of which are located on the Deseado Massif in the Province of Santa Cruz, Argentina.

According to Zacks Investment Research, “Saga Communications, Inc. is a broadcasting company whose business is devoted to acquiring, developing and operating broadcast properties. The company owns or operates broadcast properties in markets, including FM and AM radio stations, state radio networks, farm radio network, TV stations and an equity interest in FM radio stations serving Reykjavik, Iceland. Additionally, Saga has entered into an Asset Purchase Agreement with Clear Channel Communications to purchase the assets of WHMP-AM/FM, Northampton, Massachusetts. (PRESS RELEASE)”

Analysts await Saga Communications, Inc. (NYSEMKT:SGA) to report earnings on March, 14.

More notable recent Samco Gold Ltd (CVE:SGA) news were published by: Marketwired.com which released: “Samco Gold Signs Agreement With Yamana Gold Inc. for Sale of Corina Property ..” on May 19, 2016, also Marketwired.com with their article: “Samco Gold-Director Appointment” published on March 04, 2014, Marketwired.com published: “Samco Gold and Pan American Silver to Commence Option Agreement and Related ..” on September 16, 2016. More interesting news about Samco Gold Ltd (CVE:SGA) were released by: Marketwired.com and their article: “Samco Gold Enters Into Agreement to Acquire Dino Polymetallic (Zinc, Lead ..” published on December 12, 2014 as well as Marketwired.com‘s news article titled: “Samco Announces Extension of Agreement to Acquire Dino Polymetallic (Zinc ..” with publication date: April 03, 2015.

SGA Company Profile

Saga Communications, Inc., incorporated on March 30, 1992, is a broadcast firm primarily engaged in acquiring, developing and operating broadcast properties. The Firm owns and/or operates over four television stations and over five low-power television stations serving approximately two markets, and over 67 frequency modulation (FM) and over 32 amplitude modulation (AM) radio stations serving approximately 20 markets, including Bellingham, Washington; Columbus, Ohio; Norfolk, Virginia; Milwaukee, Wisconsin; Manchester, New Hampshire; Des Moines, Iowa, and Joplin, Missouri. The Firm operates in two divisions: Radio and Television. The Radio segment includes over 23 markets, which includes approximately 100 of its radio stations. The Television segment includes over two markets and consists of approximately four television stations and over five low power television (LPTV) stations.

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