Salem Media Group Inc (NASDAQ:SALM) EVP Christopher J. Henderson sold 5,248 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $2.43, for a total value of $12,752.64. Following the transaction, the executive vice president now owns 22,404 shares in the company, valued at $54,441.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

SALM traded down $0.07 on Thursday, hitting $2.10. 72,368 shares of the company were exchanged, compared to its average volume of 47,633. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.60 and a quick ratio of 0.59. Salem Media Group Inc has a 12 month low of $1.85 and a 12 month high of $6.25. The firm has a market cap of $57.07 million, a price-to-earnings ratio of 23.28 and a beta of 1.55.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Salem Media Group had a positive return on equity of 1.21% and a negative net margin of 1.43%. The business had revenue of $60.47 million for the quarter, compared to analyst estimates of $61.12 million. As a group, sell-side analysts anticipate that Salem Media Group Inc will post 0.14 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.26 annualized dividend and a yield of 12.41%. Salem Media Group’s payout ratio is 288.89%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bailard Inc. bought a new position in Salem Media Group during the 1st quarter worth approximately $72,000. Dimensional Fund Advisors LP grew its position in Salem Media Group by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,281,706 shares of the company’s stock worth $4,358,000 after acquiring an additional 57,252 shares during the last quarter. Acadian Asset Management LLC grew its position in Salem Media Group by 57.8% during the 4th quarter. Acadian Asset Management LLC now owns 37,402 shares of the company’s stock worth $78,000 after acquiring an additional 13,701 shares during the last quarter. Ancora Advisors LLC grew its position in Salem Media Group by 55.9% during the 4th quarter. Ancora Advisors LLC now owns 408,915 shares of the company’s stock worth $855,000 after acquiring an additional 146,564 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Salem Media Group during the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 25.12% of the company’s stock.

Several equities analysts have recently commented on the company. Noble Financial set a $4.00 price objective on Salem Media Group and gave the company a “buy” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded Salem Media Group from a “strong sell” rating to a “hold” rating and set a $2.50 price objective on the stock in a research report on Tuesday, May 14th. TheStreet lowered Salem Media Group from a “c-” rating to a “d” rating in a research report on Monday, April 15th. Singular Research reiterated a “buy” rating on shares of Salem Media Group in a research report on Friday, March 15th. Finally, ValuEngine upgraded Salem Media Group from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Salem Media Group presently has an average rating of “Buy” and an average price target of $3.25.

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Salem Media Group Company Profile

Salem Media Group, Inc operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime.

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

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