Salem Communications Corp Sentiment Worsening on Bad Stock Potential, Now at 0.74

Salem Media Group, Inc. (NASDAQ:SALM) Corporate Logo

Positions for Salem Communications Corp (NASDAQ:SALM)

“Big money sentiment for Salem Communications Corp (NASDAQ:SALM) in Q2 2018 decreased to 0.74, according to SEC filings. That’s down -0.19, from 2018Q1’s 0.93. 26 institutional investors increased and started new holdings, while 35 sold and reduced stakes in Salem Communications Corp so the sentiment turned negative. Funds own 7.57 million shares, down from 8.13 million shares in 2018Q1. Funds holding Salem Communications Corp in top 10 was flat from 0 to 0 for the same number . In total 17 funds closed positions, 18 reduced and 13 increased. Also 13 funds bought new Salem Communications Corp stakes.

Most Salem Communications Corp Investors

As of Q2 2018 First Wilshire Securities Management Inc has 0.64% invested in Salem Communications Corp. As of Q2 2018, 605,000 shares of Salem Communications Corp are owned by Teton Advisors Inc.. North Star Investment Management Corp. reported 345,725 shares. Foundry Partners Llc revealed 308,815 shares position in Salem Communications Corp. The California-based fund Bailard Inc. looks positive on Salem Communications Corp, owning 93,900 shares.

Salem Media Group, Inc. operates as a multi-media firm in the United States.The firm is valued at $71.49 million. It operates in three divisions: Broadcast, Digital Media, and Publishing.The P/E ratio is 3.22. The firm owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime to national advertisers and independent radio station affiliates.

Ticker’s shares touched $2.73 during the last trading session after 0.37% change.Currently Salem Media Group, Inc. is downtrending after 37.10% change in last December 8, 2017. SALM has 23,353 shares volume. The stock underperformed the S&P 500 by 52.72%.

On March, 21 is awaited Salem Media Group, Inc. (NASDAQ:SALM)’s earnings report, RTT reports. This year’s EPS analyst estimate is awaited to be $0.07. That is 12.50 % down compareed to $0.08 EPS for last year. If SALM’s EPS is $0.07 the profit will hit $1.83 million for 9.75 P/E. 40.00 % EPS growth is what analysts predict. $0.05 EPS was published for last quarter.

Moreover, Financial Bank Of Ny Mellon Corporation has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM). Wells Fargo & Mn reported 50,120 shs. Paloma Partners Management invested in 56,599 shs. Earnest Prtnrs Limited holds 0% of its capital in Salem Media Group, Inc. (NASDAQ:SALM) for 2,500 shs. Comml Bank Of Montreal Can has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Tower Research Cap Ltd Liability (Trc) stated it has 0% of its capital in Salem Media Group, Inc. (NASDAQ:SALM). Moreover, Deutsche Savings Bank Ag has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 11,051 shs. Manufacturers Life Com The has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM). Jane Street Gp Limited Com stated it has 10,149 shs or 0% of all its holdings. Element Capital Mngmt Limited Liability Co invested in 51,970 shs or 0.01% of the stock. 20,450 were accumulated by Price T Rowe Assoc Inc Md. Acadian Asset Mgmt accumulated 23,701 shs or 0% of the stock. Gabelli Funds Limited Liability Company reported 0.02% of its capital in Salem Media Group, Inc. (NASDAQ:SALM). Blackrock reported 368,008 shs or 0% of all its holdings. Bailard has invested 0.03% in Salem Media Group, Inc. (NASDAQ:SALM).

Salem Media Group, Inc. registered $69,155 net activity with 1 insider purchase and 1 sale since July 6, 2018. Henderson Christopher J sold $27,281 worth of stock.

For more Salem Media Group, Inc. (NASDAQ:SALM) news published briefly go to: Businesswire.com, Nasdaq.com, Businesswire.com, Seekingalpha.com or Businesswire.com. The titles are as follows: “Salem Media Group, Inc. Announces First Quarter 2018 Total Revenue of $63.8 Million – Business Wire” published on May 08, 2018, “Why Salem Media Group (SALM) Could Be a Top Value Stock Pick – Nasdaq” on June 11, 2018, “Salem Media Group, Inc. to Present at Two Upcoming Investor Conferences – Business Wire” with a publish date: November 29, 2018, “Salem Media Group, Inc. (SALM) CEO Edward Atsinger Q4 2017 Results – Earnings Call Transcript – Seeking Alpha” and the last “Salem Radio Network Announces Mid-Term Madness for the Hugh Hewitt Show – Business Wire” with publication date: September 05, 2018.

Salem Media Group, Inc. (NASDAQ:SALM) Institutional Investors Chart

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