5 Stocks to Buy Now According to Steve Ketchum’s Sound Point Capital

4. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)

Sound Point Capital’s Stake Value: $1,015,000
Percentage of Sound Point Capital’s 13F Portfolio: 3.59%
Number of Hedge Fund Holders: 20

Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) is a media firm that specializes in local sports and news coverage. Broadcast, Local Sports, and Others are the three sectors through which it works. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) declared a quarterly dividend of $0.25 per share on February 23, reflecting a 25% increase.

20 out of the 924 hedge funds held stakes in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) in the fourth quarter of 2021, worth $374.06 million, compared to the same number of funds in the previous quarter holding stakes in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) totaling $437.30 million.

Steve Ketchum’s Sound Point Capital held 38,409 shares in the media firm Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), valued at more than $1.02 million, accounting for 3.59% of their investment portfolio. With 4.75 million shares worth $125.54 million, HG Vora Capital Management is Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)’s largest stakeholder.