Salem Media Group, Inc. (NASDAQ:SALM) hit a new 52-week low on Monday . The company traded as low as $4.88 and last traded at $5.15, with a volume of 23000 shares trading hands. The stock had previously closed at $5.30.

A number of brokerages have recently weighed in on SALM. Zacks Investment Research cut Salem Media Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine raised Salem Media Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Noble Financial reissued a “buy” rating on shares of Salem Media Group in a research note on Tuesday, August 8th.

The company has a market cap of $134.51, a P/E 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 0.88.

Salem Media Group (NASDAQ:SALM) last released its earnings results on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $65.43 million for the quarter, compared to analyst estimates of $68.43 million. equities research analysts predict that Salem Media Group, Inc. will post 0.3 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SALM. Bank of New York Mellon Corp grew its stake in Salem Media Group by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 218,211 shares of the company’s stock worth $1,625,000 after purchasing an additional 8,955 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 purchasing an additional 10,771 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 purchasing an additional 19,373 shares during the last quarter. Russell Investments Group Ltd. lifted 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 purchasing an additional 4,767 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Salem Media Group in the 2nd quarter valued at about $1,815,000. 30.27% of the stock is owned by hedge funds and other institutional investors.

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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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