Salem Media Group, Inc. /de/ (SALM) Files Form 4 Insider Selling : David P Santrella Sells 39,173 Shares

Salem Media Group, Inc. /de/ (SALM): David P Santrella , President – Broadcast Media of Salem Media Group, Inc. /de/ sold 39,173 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $8.01 per share for a total value of $313,675.06 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 7, 2016, Evan D Masyr (EVP & CFO) sold 78,000 shares at $7.55 per share price.On Jul 7, 2016, David P Santrella (President – Broadcast Media) sold 17,496 shares at $7.53 per share price.Also, On Jul 5, 2016, David Evans (President – New Media) sold 34,996 shares at $7.38 per share price.On May 20, 2016, Eric H Halvorson (director) purchased 3,000 shares at $6.43 per share price.

Shares of Salem Media Group Inc (SALM) ended Friday, Jul 8, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -1.02% at $7.79 with 1,09,749 shares getting traded. Post opening the session at $7.8, the shares hit an intraday low of $7.68 and an intraday high of $8.1 and the price vacillated in this range throughout the day. The company has a market cap of $199 M and the number of outstanding shares has been calculated to be 2,55,11,555 shares. The 52-week high of Salem Media Group Inc is $8.17 and the 52-week low is $3.6.

Salem Media Group Inc Money Flow Index Chart

Salem Media Group Inc. is a diversified multi-media company with integrated business operations consisting of radio broadcasting digital media and publishing. The Company operates through two segments: radio broadcasting and digital media. It also owns and operates SRN News Network (SNN) Salem Music Network (SMN) Solid Gospel Network (SGN) Salem Media Representatives (SMR) and Vista Media Representatives (VMR). The Company’s radio broadcasting segment is engaged in the ownership and operation of radio stations in metropolitan markets. The Company’s radio programming is offered in five main formats: Christian Teaching and Talk News Talk Contemporary Christian Music Spanish Language Christian Teaching and Talk and Business. The Company also sells blocks of airtime on its Christian Teaching and Talk format stations to national and local religious and charitable organizations. The Company’s Digital Content segment focuses on Web-based and digital content.

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