Salem Communications Corp (NASDAQ:SALM) Institutional Investor Sentiment Trend

June 18, 2018 - By Vivian Currie

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

Sentiment for Salem Communications Corp (NASDAQ:SALM)

Salem Communications Corp (NASDAQ:SALM) institutional sentiment decreased to 0.93 in Q1 2018. Its down -0.83, from 1.76 in 2017Q4. The ratio dropped, as 27 active investment managers increased and started new holdings, while 29 sold and reduced equity positions in Salem Communications Corp. The active investment managers in our partner’s database now possess: 8.13 million shares, up from 7.97 million shares in 2017Q4. Also, the number of active investment managers holding Salem Communications Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 21 Increased: 17 New Position: 10.

Salem Media Group, Inc. operates as a multi-media firm in the United States. The company has market cap of $116.49 million. It operates in three divisions: Broadcast, Digital Media, and Publishing. It has a 4.78 P/E ratio. 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.

It closed at $4.45 lastly. It is down 42.96% since June 18, 2017 and is downtrending. It has underperformed by 55.53% the S&P500.

Analysts await Salem Media Group, Inc. (NASDAQ:SALM) to report earnings on August, 6. They expect $0.08 EPS, down 20.00 % or $0.02 from last year’s $0.1 per share. SALM’s profit will be $2.09 million for 13.91 P/E if the $0.08 EPS becomes a reality. After $0.03 actual EPS reported by Salem Media Group, Inc. for the previous quarter, Wall Street now forecasts 166.67 % EPS growth.

First Wilshire Securities Management Inc holds 0.4% of its portfolio in Salem Media Group, Inc. for 402,185 shares. Teton Advisors Inc. owns 605,000 shares or 0.21% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.13% invested in the company for 305,725 shares. The Minnesota-based Foundry Partners Llc has invested 0.05% in the stock. Gamco Investors Inc. Et Al, a New York-based fund reported 978,900 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $6,281 activity.

More important recent Salem Media Group, Inc. (NASDAQ:SALM) news were published by: Businesswire.com which released: “Salem Media Group to Present at Gabelli 10” on May 29, 2018, also Businesswire.com published article titled: “Salem Media Announces Sale of KGBI-FM in Omaha”, Businesswire.com published: “Salem Media Group Announces Quarterly Cash Distribution” on May 29, 2018. More interesting news about Salem Media Group, Inc. (NASDAQ:SALM) was released by: Investorplace.com and their article: “5 Top Stocks to Pull Through the June Swoon” with publication date: June 13, 2018.

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

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