Salem Media Group Inc (NASDAQ:SALM) SVP Christopher J. Henderson sold 3,296 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $6.94, for a total transaction of $22,874.24. Following the transaction, the senior vice president now directly owns 5,215 shares in the company, valued at approximately $36,192.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Salem Media Group Inc (NASDAQ:SALM) traded up 3.70% during midday trading on Monday, reaching $7.00. 18,569 shares of the company were exchanged. The firm’s 50-day moving average is $7.32 and its 200-day moving average is $6.74. Salem Media Group Inc has a one year low of $5.00 and a one year high of $8.25. The firm has a market cap of $182.15 million, a P/E ratio of 18.97 and a beta of 1.41.

Salem Media Group (NASDAQ:SALM) last announced its earnings results on Monday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.04. Salem Media Group had a return on equity of 5.24% and a net margin of 4.09%. The company had revenue of $64.98 million for the quarter, compared to the consensus estimate of $65.27 million. On average, equities analysts expect that Salem Media Group Inc will post $0.38 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Salem Media Group (NASDAQ:SALM)

ILLEGAL ACTIVITY NOTICE: “Salem Media Group Inc (SALM) SVP Christopher J. Henderson Sells 3,296 Shares of Stock” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/05/29/salem-media-group-inc-salm-svp-christopher-j-henderson-sells-3296-shares-of-stock.html.

A number of institutional investors have recently made changes to their positions in the company. Arete Wealth Advisors LLC raised its position in shares of Salem Media Group by 1.1% in the third quarter. Arete Wealth Advisors LLC now owns 18,885 shares of the company’s stock worth $111,000 after buying an additional 197 shares during the period. Acadian Asset Management LLC raised its position in shares of Salem Media Group by 24.6% in the first quarter. Acadian Asset Management LLC now owns 25,223 shares of the company’s stock worth $188,000 after buying an additional 4,973 shares during the period. Hancock Holding Co. bought a new position in shares of Salem Media Group during the first quarter worth about $196,000. Russell Investments Group Ltd. bought a new position in shares of Salem Media Group during the fourth quarter worth about $299,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Salem Media Group by 72.2% in the first quarter. Goldman Sachs Group Inc. now owns 46,207 shares of the company’s stock worth $344,000 after buying an additional 19,373 shares during the period. 29.50% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Salem Media Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th.

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.

Receive News & Stock Ratings for Salem Media Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group Inc and related stocks with our FREE daily email newsletter.