Salem Media Group Inc (NASDAQ:SALM) CFO Evan D. Masyr sold 4,360 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $2.45, for a total value of $10,682.00. Following the transaction, the chief financial officer now directly owns 34,055 shares of the company’s stock, valued at approximately $83,434.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:SALM traded down $0.03 on Friday, hitting $2.07. 138,425 shares of the company traded hands, compared to its average volume of 47,633. Salem Media Group Inc has a 52 week low of $1.85 and a 52 week high of $6.25. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.60 and a quick ratio of 0.59. The company has a market capitalization of $54.20 million, a PE ratio of 23.00 and a beta of 1.55.

Salem Media Group (NASDAQ:SALM) last issued its quarterly earnings results on Friday, May 10th. The company reported $0.01 earnings per share for the quarter, beating 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 firm had revenue of $60.47 million during the quarter, compared to the consensus estimate of $61.12 million. On average, sell-side analysts anticipate that Salem Media Group Inc will post 0.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued 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 dividend yield of 12.56%. Salem Media Group’s payout ratio is presently 288.89%.

Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of Salem Media Group by 57.8% during the fourth quarter. Acadian Asset Management LLC now owns 37,402 shares of the company’s stock valued at $78,000 after acquiring an additional 13,701 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Salem Media Group by 104.5% during the fourth quarter. Bank of New York Mellon Corp now owns 28,817 shares of the company’s stock valued at $60,000 after acquiring an additional 14,723 shares in the last quarter. Bailard Inc. bought a new position in shares of Salem Media Group during the first quarter valued at $72,000. Kennedy Capital Management Inc. bought a new position in shares of Salem Media Group during the first quarter valued at $107,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Salem Media Group by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,281,706 shares of the company’s stock valued at $4,358,000 after acquiring an additional 57,252 shares in the last quarter. Hedge funds and other institutional investors own 25.12% of the company’s stock.

Several equities analysts have commented on SALM shares. Zacks Investment Research lowered Salem Media Group from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. TheStreet raised Salem Media Group from a “d+” rating to a “c-” rating in a research report on Tuesday, March 12th. ValuEngine raised Salem Media Group from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Noble Financial reissued a “buy” rating and set a $3.50 price objective on shares of Salem Media Group in a research report on Thursday, January 31st. Finally, Singular Research reissued a “buy” rating on shares of Salem Media Group in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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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