Stuart W. Epperson Purchases 17,194 Shares of Salem Media Group Inc (NASDAQ:SALM) Stock

Salem Media Group Inc (NASDAQ:SALM) Chairman Stuart W. Epperson bought 17,194 shares of Salem Media Group stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of $0.94 per share, with a total value of $16,162.36. Following the transaction, the chairman now owns 103,934 shares of the company’s stock, valued at approximately $97,697.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Salem Media Group stock opened at $1.00 on Thursday. The firm has a 50-day moving average of $1.21 and a 200-day moving average of $1.44. The stock has a market cap of $27.22 million, a PE ratio of -0.95 and a beta of 1.56. Salem Media Group Inc has a 52-week low of $0.65 and a 52-week high of $2.68. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.77 and a current ratio of 0.79.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a dividend of $0.025 per share. The ex-dividend date is Monday, March 23rd. This represents a $0.10 annualized dividend and a yield of 10.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in Salem Media Group by 8.1% during the fourth quarter. Renaissance Technologies LLC now owns 250,598 shares of the company’s stock worth $361,000 after purchasing an additional 18,700 shares during the period. Atria Investments LLC bought a new stake in Salem Media Group during the fourth quarter worth about $49,000. Finally, OneAscent Financial Services LLC bought a new stake in Salem Media Group during the fourth quarter worth about $50,000. 17.45% 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 radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime.

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