Salem Media Group (NASDAQ:SALM) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Salem Media Group (NASDAQ:SALM) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Salem Media Group Price Performance

NASDAQ SALM opened at $0.41 on Tuesday. The stock has a market capitalization of $11.27 million, a P/E ratio of -0.25 and a beta of 0.84. Salem Media Group has a 1 year low of $0.24 and a 1 year high of $1.09. The business’s fifty day moving average is $0.36 and its two-hundred day moving average is $0.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.64 and a current ratio of 0.66.

Institutional Trading of Salem Media Group

Several large investors have recently added to or reduced their stakes in SALM. Bank of Montreal Can acquired a new stake in Salem Media Group during the 2nd quarter valued at $205,000. Dimensional Fund Advisors LP increased its stake in shares of Salem Media Group by 75.7% in the first quarter. Dimensional Fund Advisors LP now owns 163,361 shares of the company’s stock worth $554,000 after acquiring an additional 70,367 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Salem Media Group by 9.7% in the first quarter. Vanguard Group Inc. now owns 553,985 shares of the company’s stock worth $1,878,000 after acquiring an additional 49,025 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Salem Media Group by 32.7% in the third quarter. Renaissance Technologies LLC now owns 143,400 shares of the company’s stock worth $250,000 after acquiring an additional 35,300 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Salem Media Group in the fourth quarter worth $28,000. 10.14% of the stock is 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 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts.