Salem Media Group, Inc. /de/ (SALM): David Evans , President – New Media of Salem Media Group, Inc. /de/ sold 12,558 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $6.90 per share for a total value of $86,650.20 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, David Evans (President – New Media) sold 9,847 shares at $6.74 per share price.On May 20, 2016, Eric H Halvorson (director) purchased 3,000 shares at $6.43 per share price.Also, On Dec 3, 2015, Evan D Masyr (Executive VP & CFO) sold 3,036 shares at $6.20 per share price.
Salem Media Group Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in Salem Media Group Inc which led to swings in the share price. The shares opened for trading at $6.78 and hit $6.98 on the upside , eventually ending the session at $6.96, with a gain of 3.73% or 0.25 points. The heightened volatility saw the trading volume jump to 92,243 shares. The 52-week high of the share price is $8.17 and the company has a market cap of $178 M . The 52-week low of the share price is at $3.6.
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.