Amalgamated Bank Reduces Stake in Ziff Davis by 5.6% in Q1
August 5, 2023
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Ziff Davis ($NASDAQ:ZD), Inc. is an American publisher and digital media company, which has been at the forefront of digital media and technology for over a century. The company is known for producing well-respected technology, video gaming, and lifestyle magazines, as well as many popular websites. In its most recent filing with the U.S Securities and Exchange Commission (SEC), Amalgamated Bank, a financial institutions, reported a 5.6% reduction in its stake in Ziff Davis stock. This reduction indicates that Amalgamated Bank now holds a smaller percentage of Ziff Davis stock than it did in the previous quarter.
It is unclear how much Amalgamated Bank still holds in the company, though this news could signal the start of a larger shift in the company’s ownership structure. Given its long history in the media and technology space, Ziff Davis remains a prominent and important player in the industry. Though the details of Amalgamated Bank’s recent filing remain to be seen, it will be interesting to observe how this affects the future of the publishing giant.
Analysis
As GoodWhale, we recently conducted an analysis of ZIFF DAVIS‘s financials. After reviewing the company’s Star Chart, we concluded that ZIFF DAVIS is classified as an ‘elephant’, indicating that it has strong assets after liabilities are deducted. ZIFF DAVIS is particularly strong when it comes to profitability, but is only medium when it comes to assets and weak in dividend and growth. However, the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. Given these factors, potential investors who are interested in a stable company with relatively low risk may want to consider investing in ZIFF DAVIS. For those interested in higher growth and dividends, however, ZIFF DAVIS may not be the ideal investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ziff Davis. More…
| Total Revenues | Net Income | Net Margin |
| 1.38k | 31.58 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ziff Davis. More…
| Operations | Investing | Financing |
| 335.24 | -200.92 | -29.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ziff Davis. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.53k | 1.63k | 40.07 |
Key Ratios Snapshot
Some of the financial key ratios for Ziff Davis are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.5% | -7.6% | 9.4% |
| FCF Margin | ROE | ROA |
| 16.6% | 4.3% | 2.3% |
Peers
In the world of publishing and media, there is intense competition between companies to maintain the highest levels of quality and profitability. One such company is Ziff Davis Inc, which faces stiff competition from the likes of Salem Media Group Inc, Fame Productions Inc, and PT Media Nusantara Citra Tbk. While each company has its own unique strengths and weaknesses, all are striving to be the best in the business.
– Salem Media Group Inc ($NASDAQ:SALM)
Salem Media Group is a publicly traded radio broadcasting company in the United States. The company owns and operates radio stations in small and mid-sized markets. Salem Media Group also owns and operates Salem Radio Network, a syndicated talk radio service. The company was founded in 1985 and is headquartered in Camarillo, California.
– Fame Productions Inc ($OTCPK:FMPR)
PT Media Nusantara Citra Tbk is one of the largest media companies in Indonesia. The company is involved in the production, distribution, and broadcasting of television programs, movies, and music. The company also owns and operates a number of radio and television stations. PT Media Nusantara Citra Tbk has a market cap of 10.52T as of 2022, a Return on Equity of 12.38%.
Summary
Investors in Ziff Davis, Inc. have seen their holdings decline recently, after Amalgamated Bank trimmed its stake in the company by 5.6% during the first quarter of the year. Activity in the stock has been subdued with only a slight downward pressure on the stock’s price. Analysts looking at the company’s financials have started to reassess their outlook for the business, with some recommending that investors should take a more conservative approach when considering investing in the company. Investors should take into account the current market conditions when deciding whether or not to invest in Ziff Davis.
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