Salem Media Group Inc (NASDAQ:SALM) Chairman Stuart W. Epperson purchased 18,161 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were bought at an average price of $0.89 per share, with a total value of $16,163.29. Following the purchase, the chairman now owns 103,934 shares in the company, valued at $92,501.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of SALM stock traded up $0.07 during trading hours on Tuesday, hitting $1.02. 112,500 shares of the company were exchanged, compared to its average volume of 74,882. The firm has a fifty day simple moving average of $1.22 and a 200 day simple moving average of $1.44. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. Salem Media Group Inc has a 52-week low of $0.65 and a 52-week high of $2.68. The stock has a market capitalization of $24.15 million, a price-to-earnings ratio of -0.97 and a beta of 1.56.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.025 per share. The ex-dividend date is Monday, March 23rd. This represents a $0.10 annualized dividend and a dividend yield of 9.80%.
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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