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

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Salem Media Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine upgraded Salem Media Group from a “hold” rating to a “buy” rating in a report on Thursday, August 10th.

Salem Media Group (SALM) traded down $0.14 during mid-day trading on Friday, reaching $5.16. The company’s stock had a trading volume of 16,205 shares, compared to its average volume of 35,686. The company has a market cap of $146.26, a PE ratio of 13.66 and a beta of 1.29. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 0.98. 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 released its earnings results on Tuesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.16). The firm had revenue of $65.43 million for the quarter, compared to the consensus estimate of $68.43 million. Salem Media Group had a return on equity of 5.02% and a net margin of 1.97%. equities analysts expect that Salem Media Group will post 0.3 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/10/salem-media-groups-salm-buy-rating-reaffirmed-at-noble-financial.html.

Several hedge funds and other institutional investors have recently made changes to their positions in SALM. Bank of New York Mellon Corp grew its holdings in shares of Salem Media Group by 4.3% in the 1st quarter. Bank of New York Mellon Corp now owns 218,211 shares of the company’s stock valued at $1,625,000 after acquiring an additional 8,955 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Salem Media Group by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,049,571 shares of the company’s stock valued at $7,819,000 after acquiring an additional 10,771 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Salem Media Group by 72.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 46,207 shares of the company’s stock valued at $344,000 after acquiring an additional 19,373 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Salem Media Group by 11.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 46,434 shares of the company’s stock valued at $330,000 after acquiring an additional 4,767 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Salem Media Group in the 2nd quarter valued at about $1,815,000. 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 MarketBeat.com's FREE daily email newsletter.