Northern Trust Corp lifted its holdings in shares of Salem Media Group, Inc. (NASDAQ:SALM) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 119,592 shares of the company’s stock after purchasing an additional 5,106 shares during the period. Northern Trust Corp owned 0.46% of Salem Media Group worth $849,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Martingale Asset Management L P grew 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 worth $344,000 after purchasing an additional 700 shares during the last quarter. Kennedy Capital Management Inc. grew 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 worth $991,000 after purchasing an additional 2,961 shares during the last quarter. Russell Investments Group Ltd. grew 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 worth $330,000 after purchasing an additional 4,767 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings 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 last quarter. Finally, Teachers Advisors LLC grew its holdings 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 last quarter. Institutional investors own 30.32% of the company’s stock.

SALM has been the topic of several recent research reports. ValuEngine upgraded Salem Media Group from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Noble Financial reiterated a “buy” rating on shares of Salem Media Group in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded Salem Media Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th.

Salem Media Group, Inc. (NASDAQ:SALM) opened at $4.20 on Friday. The stock has a market capitalization of $112.50, a PE ratio of 10.49 and a beta of 1.16. Salem Media Group, Inc. has a 1-year low of $4.05 and a 1-year high of $8.25. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.17.

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

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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.

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

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