Dimensional Fund Advisors LP Acquires 38,142 Shares of Salem Media Group Inc (SALM)

Dimensional Fund Advisors LP grew its holdings in shares of Salem Media Group Inc (NASDAQ:SALM) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,140,051 shares of the company’s stock after buying an additional 38,142 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Salem Media Group were worth $7,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Salem Media Group during the 2nd quarter valued at about $1,815,000. FMR LLC purchased a new stake in shares of Salem Media Group during the 2nd quarter valued at about $1,330,000. State Street Corp raised its position in shares of Salem Media Group by 17.9% during the 2nd quarter. State Street Corp now owns 149,513 shares of the company’s stock valued at $1,061,000 after buying an additional 22,696 shares in the last quarter. Northern Trust Corp raised its position in shares of Salem Media Group by 4.5% during the 2nd quarter. Northern Trust Corp now owns 119,592 shares of the company’s stock valued at $849,000 after buying an additional 5,106 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Salem Media Group by 664.7% during the 2nd quarter. Nationwide Fund Advisors now owns 82,141 shares of the company’s stock valued at $583,000 after buying an additional 71,400 shares in the last quarter. Hedge funds and other institutional investors own 30.69% of the company’s stock.

Shares of Salem Media Group Inc (NASDAQ SALM) opened at $4.65 on Friday. 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 Inc has a 1 year low of $3.90 and a 1 year high of $8.25. The firm has a market cap of $121.65, a PE ratio of 23.25 and a beta of 1.16.

Salem Media Group (NASDAQ:SALM) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $65.43 million during the quarter, compared to analysts’ expectations of $68.43 million. equities research analysts predict that Salem Media Group Inc will post 0.17 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on SALM. Zacks Investment Research upgraded shares of Salem Media Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Noble Financial restated a “buy” rating on shares of Salem Media Group in a research report on Friday, November 10th. Finally, ValuEngine cut shares of Salem Media Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st.

TRADEMARK VIOLATION WARNING: “Dimensional Fund Advisors LP Acquires 38,142 Shares of Salem Media Group Inc (SALM)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.com-unik.info/2018/02/02/dimensional-fund-advisors-lp-acquires-38142-shares-of-salem-media-group-inc-salm.html.

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.

Want to see what other hedge funds are holding SALM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salem Media Group Inc (NASDAQ:SALM).

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

Receive News & Ratings for Salem Media Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salem Media Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit