News coverage about Salem Media Group (NASDAQ:SALM) has been trending positive recently, according to Alpha One Sentiment Analysis. Alpha One, a subsidiary of Accern, rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Salem Media Group earned a news sentiment score of 0.44 on Alpha One’s scale. Alpha One also assigned headlines about the company an impact score of 66 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near future.

Salem Media Group (NASDAQ:SALM) traded down 1.32% during mid-day trading on Friday, reaching $7.45. The company’s stock had a trading volume of 45,911 shares. The stock’s 50 day moving average price is $7.15 and its 200 day moving average price is $6.43. Salem Media Group has a 1-year low of $5.00 and a 1-year high of $8.17. The stock has a market capitalization of $193.77 million, a P/E ratio of 21.91 and a beta of 1.41.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 20th were paid a dividend of $0.065 per share. The ex-dividend date was Thursday, March 16th. This represents a $0.26 annualized dividend and a yield of 3.49%. Salem Media Group’s dividend payout ratio (DPR) is 61.90%.

Separately, Zacks Investment Research upgraded Salem Media Group from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Wednesday, March 15th.

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In related news, insider David Evans sold 11,893 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $7.53, for a total transaction of $89,554.29. Following the sale, the insider now owns 49,912 shares in the company, valued at $375,837.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 14,245 shares of company stock worth $107,219. 61.47% of the stock is owned by company insiders.

About Salem Media Group

Salem Media Group, Inc, formerly Salem Communications Corporation, is a multi-media company specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The Company operates through three segments: Broadcast, Digital Media and Publishing.

5 Day Chart for NASDAQ:SALM

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