President of Networks at Nexstar Media Group, Inc. (NASDAQ:NXST), Sean Compton, recently engaged in transactions involving the company's shares, according to a new SEC filing. On May 20, Compton sold a total of 1,123 shares of Nexstar Media Group's common stock, receiving an average price of $167.43 per share, which sums up to over $188,000 in total value.
Earlier, on May 17, Compton also acquired 2,500 shares through option exercises, with each share priced at $169.56, amounting to a total transaction value of $423,900. These shares were acquired as part of the company's equity compensation plan, which often allows executives to exercise options as a form of non-cash compensation.
The transactions have resulted in a change in Compton's holdings in Nexstar Media Group, with the sale on May 20 slightly reducing his total ownership. However, the earlier acquisition of shares on May 17 increased his stake in the company. The filing did not indicate any derivative securities transactions that would affect Compton's overall share count.
Nexstar Media Group, headquartered in Irving, Texas, operates as a television broadcasting and digital media company. The company's shares are publicly traded and are of interest to investors who follow insider activity as a signal for their investment strategies.
Investors and market watchers often monitor the buying and selling activities of company insiders like Compton, as these transactions can provide insights into the executive's view of the company's future prospects. The recent filing with the SEC provides a snapshot of such transactions, offering a glimpse into Compton's investment moves with regard to Nexstar Media Group's stock.
InvestingPro Insights
In light of the recent transactions involving Sean Compton, President of Networks at Nexstar Media Group, Inc. (NASDAQ:NXST), investors may find the following InvestingPro Insights particularly relevant. Nexstar Media Group has demonstrated a commitment to returning value to shareholders, as evidenced by the company's aggressive share buyback strategy and its high shareholder yield. An InvestingPro Tip highlights that management's share repurchases can signal confidence in the company's future prospects.
Moreover, Nexstar has consistently rewarded its shareholders with dividends, having raised its dividend for 11 consecutive years, a testament to its financial stability and commitment to shareholders. This aligns with another InvestingPro Tip pointing out the company's ability to maintain dividend payments for 12 consecutive years, even as the stock has recently experienced a significant decline over the last week. Investors may interpret this as an opportunity to consider the stock's long-term return potential, which has been high over the last decade.
From a financial standpoint, Nexstar Media Group's current market capitalization stands at $5.32 billion, with a trailing P/E ratio of 12.78, which is lower than the industry average, suggesting a potentially undervalued stock. The company's revenue for the last twelve months as of Q1 2024 is reported at $4.96 billion, with a gross profit margin of 57.0%, indicating a strong ability to generate income relative to its revenue.
For those interested in further insights, InvestingPro offers additional tips on Nexstar Media Group, which can be accessed by visiting the company's specific InvestingPro page. To enhance your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With several more tips available, including analysis on the company's profitability and asset liquidity, investors can make more informed decisions on whether Nexstar Media Group fits into their portfolio strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.