Hancock Holding Co. maintained its position in shares of Salem Media Group, Inc. (NASDAQ:SALM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,286 shares of the company’s stock at the end of the 2nd quarter. Hancock Holding Co. owned about 0.10% of Salem Media Group worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SALM. FMR LLC acquired a new position in shares of Salem Media Group in the 2nd quarter worth $1,330,000. Northern Trust Corp raised its position 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 worth $849,000 after purchasing an additional 5,106 shares during the period. Nationwide Fund Advisors raised its position in shares of Salem Media Group by 664.7% during the second quarter. Nationwide Fund Advisors now owns 82,141 shares of the company’s stock worth $583,000 after purchasing an additional 71,400 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Salem Media Group by 35.2% during the second quarter. TIAA CREF Investment Management LLC now owns 29,558 shares of the company’s stock worth $210,000 after purchasing an additional 7,701 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Salem Media Group by 82.9% during the second quarter. Teachers Advisors LLC now owns 21,735 shares of the company’s stock worth $154,000 after purchasing an additional 9,852 shares during the period. 30.51% of the stock is owned by institutional investors and hedge funds.

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Salem Media Group, Inc. (NASDAQ:SALM) opened at 6.60 on Tuesday. The firm has a 50 day moving average of $6.28 and a 200 day moving average of $6.96. Salem Media Group, Inc. has a one year low of $5.00 and a one year high of $8.25. The firm has a market capitalization of $172.38 million, a PE ratio of 22.84 and a beta of 1.20.

Salem Media Group (NASDAQ:SALM) last released its quarterly earnings data on Monday, August 7th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Salem Media Group had a return on equity of 6.26% and a net margin of 2.75%. The business had revenue of $66.11 million during the quarter, compared to the consensus estimate of $67.47 million. Equities analysts forecast that Salem Media Group, Inc. will post $0.25 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 22nd were issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Thursday, September 21st. Salem Media Group’s dividend payout ratio (DPR) is currently 92.86%.

Several equities research analysts have recently commented on SALM shares. ValuEngine raised Salem Media Group from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research lowered Salem Media Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Noble Financial reissued a “buy” rating on shares of Salem Media Group in a research note on Tuesday, August 8th.

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.

Institutional Ownership by Quarter for Salem Media Group (NASDAQ:SALM)

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