Salem Media Group, Inc. (NASDAQ:SALM)‘s stock had its “buy” rating reiterated by equities researchers at Noble Financial in a research report issued on Friday.

Several other research firms have also commented on SALM. ValuEngine raised shares of Salem Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Salem Media Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th.

Shares of Salem Media Group (SALM) traded down $0.15 on Friday, hitting $5.15. 23,000 shares of the stock were exchanged, compared to its average volume of 28,697. The company has a market cap of $134.51, a price-to-earnings ratio of 12.56 and a beta of 1.29. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.89 and a quick ratio of 0.96. Salem Media Group has a 52-week low of $5.10 and a 52-week high of $8.25.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16). Salem Media Group had a return on equity of 5.02% and a net margin of 1.97%. The business had revenue of $65.43 million for the quarter, compared to the consensus estimate of $68.43 million. sell-side analysts expect that Salem Media Group will post 0.3 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.watchlistnews.com/salem-media-group-inc-salm-rating-reiterated-by-noble-financial/1698725.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Martingale Asset Management L P raised its holdings in shares of Salem Media Group by 1.5% during the second quarter. Martingale Asset Management L P now owns 48,326 shares of the company’s stock valued at $344,000 after purchasing an additional 700 shares during the last quarter. Kennedy Capital Management Inc. raised its holdings in shares of Salem Media Group by 2.2% during the second quarter. Kennedy Capital Management Inc. now owns 139,644 shares of the company’s stock valued at $991,000 after purchasing an additional 2,961 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Salem Media Group by 23.7% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 17,200 shares of the company’s stock valued at $121,000 after purchasing an additional 3,300 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Salem Media Group by 11.4% during the second quarter. Russell Investments Group Ltd. now owns 46,434 shares of the company’s stock valued at $330,000 after purchasing an additional 4,767 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Salem Media Group by 4.5% during the second quarter. Northern Trust Corp now owns 119,592 shares of the company’s stock valued at $849,000 after purchasing an additional 5,106 shares during the last quarter. Hedge funds and other institutional investors own 30.47% of the company’s stock.

About Salem Media Group

Salem Media Group, Inc, formerly Salem Communications Corporation, is a multi-media company specializing in Christian and Conservative content, with media properties consisting of radio broadcasting, digital media, and book, magazine and newsletter publishing. The Company operates through three segments: Broadcast, Digital Media and Publishing.

Receive News & Ratings for Salem Media Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.