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

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

“Big money” Positions

In 2018 Q2 Salem Communications Corp (NASDAQ:SALM) big money sentiment decreased to 0.74, SEC filings reveal. So its down -0.19, from 2018Q1’s 0.93. 26 active investment managers opened new and increased holdings, while 35 reduced and sold their equity positions in Salem Communications Corp so the sentiment is negative. These funds own 7.57 million shares, that’s down from 8.13 million shares in 2018Q1. Funds holding Salem Communications Corp in top 10 changed to 0 from 0 for the same number . 17 Investors Sold All; 18 Reduced Holdings; 13 increased holdings while 13 active investment managers bought holdings.

Most Salem Communications Corp Investors

First Wilshire Securities Management Inc owns 415,739 shares in Salem Communications Corp as of 2018 Q2. As of 2018 Q2, 605,000 shares of Salem Communications Corp are owned by Teton Advisors Inc.. North Star Investment Management Corp. reported 345,725 shares. The Minnesota-based fund Foundry Partners Llc have invested about 0.07% of the active investment manager’s stock portfolio in Salem Communications Corp. The California-based fund Bailard Inc. looks positive on Salem Communications Corp, possessing 93,900 shares.

Salem Media Group, Inc. operates as a multi-media firm in the United States.The company has $71.49 million market cap. 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.

SALM hit $2.73 during the last trading session after $0.01 change.Salem Media Group, Inc. has volume of 23,353 shares. Since December 8, 2017 SALM has declined 37.10% and is downtrending. The stock underperformed the S&P 500 by 52.72%.

Investors expect Salem Media Group, Inc. (NASDAQ:SALM)’s quarterly earnings on March, 21., Zacks reports. EPS of $0.07 is 12.50 % down from 2017’s $0.08 EPS. If EPS of $0.07 is revealed the profit of SALM could hit $1.83 million giving it 9.75 P/E. Analysts at Wall Street see Salem Media Group, Inc.’s 40.00 % EPS growth compared to $0.05 EPS for last quarter.

Element Cap Mgmt Ltd Liability Corporation holds 0.01% or 51,970 shs. Manufacturers Life Insur The stated it has 1,333 shs or 0% of all its holdings. Foundry Prtn Ltd Co accumulated 308,815 shs. Westfield Capital Mgmt Company Lp invested in 0% or 50,600 shs. Renaissance Technology Ltd has invested 0% in Salem Media Group, Inc. (NASDAQ:SALM). Gamco Investors Et Al invested in 911,500 shs or 0.03% of the stock. Macquarie Gru Limited accumulated 10,655 shs. Sei Investments stated it has 0% of its capital in Salem Media Group, Inc. (NASDAQ:SALM). Martingale Asset Limited Partnership reported 0% of its capital in Salem Media Group, Inc. (NASDAQ:SALM). Bridgeway Incorporated holds 206,952 shs or 0.01% of its capital. Goldman Sachs Inc reported 85,106 shs or 0% of all its holdings. Meeder Asset reported 525 shs. Bailard has 93,900 shs. Wells Fargo Mn holds 0% of its capital in Salem Media Group, Inc. (NASDAQ:SALM) for 50,120 shs. Acadian Asset Mgmt Ltd Com has 23,701 shs.

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

For more Salem Media Group, Inc. (NASDAQ:SALM) news posted briefly go to: Seekingalpha.com, Nasdaq.com, Nasdaq.com, Businesswire.com or Businesswire.com. The titles are as follows: “Salem Media Group, Inc. (SALM) CEO Edward Atsinger on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” posted on August 12, 2018, “Consumer Sector Update for 11/27/2018: – Nasdaq” on November 27, 2018, “Salem Media Group, Inc. (SALM) Ex-Dividend Date Scheduled for December 06, 2018 – Nasdaq” with a publish date: December 04, 2018, “Salem Radio Network Announces Mid-Term Madness for the Hugh Hewitt Show – Business Wire” and the last “Salem Media Group, Inc. Announces First Quarter 2018 Total Revenue of $63.8 Million – Business Wire” with publication date: May 08, 2018.

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

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