TIAA CREF Investment Management LLC raised its holdings in shares of Salem Media Group, Inc. (NASDAQ:SALM) by 35.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 29,558 shares of the company’s stock after purchasing an additional 7,701 shares during the period. TIAA CREF Investment Management LLC owned 0.11% of Salem Media Group worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SALM. Dimensional Fund Advisors LP increased its position in Salem Media Group by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,049,571 shares of the company’s stock valued at $7,819,000 after purchasing an additional 10,771 shares during the period. Goldman Sachs Group Inc. increased its position in Salem Media Group by 72.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,207 shares of the company’s stock valued at $344,000 after purchasing an additional 19,373 shares during the period. Russell Investments Group Ltd. increased its position in Salem Media Group by 11.4% during the 2nd 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 period. JPMorgan Chase & Co. purchased a new position in Salem Media Group during the 2nd quarter valued at about $1,815,000. Finally, Kennedy Capital Management Inc. increased its position in Salem Media Group by 2.2% during the 2nd 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 period. 30.10% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on SALM shares. Noble Financial reissued a “buy” rating on shares of Salem Media Group in a research report on Friday, November 10th. ValuEngine raised shares of Salem Media Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Salem Media Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.

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Salem Media Group, Inc. (NASDAQ:SALM) opened at $4.60 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17. The company has a market cap of $120.35, a PE ratio of 11.22 and a beta of 1.29. Salem Media Group, Inc. has a 12-month low of $4.60 and a 12-month high of $8.25.

Salem Media Group (NASDAQ:SALM) last posted its earnings results on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The business had revenue of $65.43 million for the quarter, compared to analysts’ expectations of $68.43 million. Salem Media Group had a net margin of 1.97% and a return on equity of 5.02%. equities research analysts expect that Salem Media Group, Inc. will post 0.17 earnings per share for the current fiscal year.

Salem Media Group Company Profile

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.

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

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