Salem Media Group Inc (NASDAQ:SALM) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Salem Media Group’s rating score has declined by 200% from three months ago as a result of various analysts’ ratings changes.
Zacks has also assigned Salem Media Group an industry rank of 27 out of 256 based on the ratings given to related companies.
A number of research firms have recently weighed in on SALM. Zacks Investment Research raised Salem Media Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine raised Salem Media Group from a “strong sell” rating to a “sell” rating in a research report on Friday, January 4th.
SALM traded down $0.01 during trading hours on Thursday, reaching $2.41. The company’s stock had a trading volume of 200 shares, compared to its average volume of 84,950. Salem Media Group has a fifty-two week low of $2.03 and a fifty-two week high of $6.25. The stock has a market capitalization of $63.89 million, a PE ratio of 10.95 and a beta of 1.37. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.88 and a current ratio of 0.89.
Salem Media Group (NASDAQ:SALM) last announced its earnings results on Wednesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $65.53 million for the quarter, compared to analyst estimates of $65.85 million. Salem Media Group had a return on equity of 2.42% and a net margin of 8.46%. As a group, equities research analysts forecast that Salem Media Group will post 0.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 10.79%. The ex-dividend date of this dividend was Thursday, December 6th. Salem Media Group’s dividend payout ratio is currently 118.18%.
Several institutional investors have recently bought and sold shares of SALM. Ancora Advisors LLC grew its stake in shares of Salem Media Group by 205.1% during the third quarter. Ancora Advisors LLC now owns 262,351 shares of the company’s stock worth $892,000 after purchasing an additional 176,374 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Salem Media Group during the second quarter worth $1,234,000. Paloma Partners Management Co acquired a new position in shares of Salem Media Group during the second quarter worth $291,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Salem Media Group during the third quarter worth $122,000. Finally, Shell Asset Management Co. acquired a new position in shares of Salem Media Group during the third quarter worth $235,000. 26.65% of the stock is currently owned by institutional investors and hedge funds.
About Salem Media Group
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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