Positive Media Coverage Somewhat Unlikely to Impact Salem Media Group (SALM) Share Price
News articles about Salem Media Group (NASDAQ:SALM) have been trending positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Salem Media Group earned a media sentiment score of 0.42 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.0322836450542 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research analysts have commented on the company. ValuEngine cut Salem Media Group from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Investment Research cut Salem Media Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, Noble Financial restated a “buy” rating on shares of Salem Media Group in a research note on Friday, November 10th.
Salem Media Group (NASDAQ:SALM) opened at $4.15 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 0.89. Salem Media Group has a 52 week low of $3.90 and a 52 week high of $8.25. The company has a market capitalization of $112.50, a price-to-earnings ratio of 20.75 and a beta of 1.16.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend was Friday, December 15th. Salem Media Group’s dividend payout ratio is currently 130.00%.
Salem Media Group Company Profile
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.
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