ValuEngine Upgrades Salem Media Group, Inc. (SALM) to "Buy"

Salem Media Group, Inc. (NASDAQ:SALM) from a hold rating to a buy rating in a report released on Tuesday, June 20th. ValuEngine downgraded Salem Media Group from a "buy" rating to a "hold" rating in a research report on Tuesday, June 27th. Moreover, Legal & General Group Incorporated Public Limited Com has 0% invested in Salem Media Group Inc (NASDAQ:SALM). The firm has a market cap of $189.96 million, a P/E ratio of 19.78 and a beta of 1.16. The firm's 50-day moving average price is $7.15 and its 200-day moving average price is $7.04. Salem Media Group Inc (NASDAQ:SALM) has risen 11.02% since July 21, 2016 and is uptrending. Dimensional Fund Advisors L P has invested 0% in Salem Media Group Inc (NASDAQ:SALM). The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.04. Salem Media Group had a net margin of 3.49% and a return on equity of 6.42%. The business had revenue of $64.98 million for the quarter, compared to analysts' expectations of $65.27 million. Given Pandora Media's higher possible upside, analysts plainly believe Pandora Media is more favorable than Salem Media Group. Manufacturers Life Insurance The has invested 0% in Salem Media Group Inc (NASDAQ:SALM). The stock of ON Semiconductor Corp (NASDAQ:ON) has "Hold" rating given on Monday, July 10 by Jefferies. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark laws. The correct version of this piece can be viewed at https://www.baseball-news-blog.com/2017/07/21/salem-media-group-inc-salm-lifted-to-buy-at-valuengine-updated-updated.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 16th were issued a dividend of $0.065 per share. The ex-dividend date was Wednesday, June 14th. This represents a $0.26 dividend on an annualized basis and a yield of 3.56%. Salem Media Group's dividend payout ratio is presently 72.22%. EVANS DAVID had sold 7,504 shares worth $58,156 on Friday, March 31. Following the completion of the sale, the insider now directly owns 37,412 shares of the company's stock, valued at approximately $289,943. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edward G. Atsinger III sold 3,528 shares of Salem Media Group stock in a transaction that occurred on Wednesday, June 28th. EVANS DAVID sold $25,195 worth of stock or 3,251 shares. Following the sale, the chief executive officer now directly owns 42,654 shares in the company, valued at $317,772.30. The disclosure for this sale can be found here. Insiders have sold 51,862 shares of company stock worth $372,772 in the last ninety days. Corporate insiders own 60.04% of the company's stock. Accern also assigned media stories about the company an impact score of 44.9279792756572 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. Goldman Sachs Group Inc. boosted its position in 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. Dimensional Fund Advisors LP boosted its position in Salem Media Group by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 218,211 shares of the company's stock worth $1,625,000 after buying an additional 8,955 shares during the last quarter.

News headlines about Salem Media Group (NASDAQ:SALM) have been trending positive recently, Accern Sentiment Analysis reports. Finally, Algert Global LLC boosted its position in Salem Media Group by 12.1% 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 last quarter.

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

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