What Can We Expect After Salem Media Group (NASDAQ:SALM)’s Downgrade By Noble Financial?

August 10, 2018 - By Ash Ash

Salem Media Group, Inc. (NASDAQ:SALM) Logo

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.83, from 1.76 in 2017Q4. It dived, as 8 investors sold Salem Media Group, Inc. shares while 21 reduced holdings. 10 funds opened positions while 17 raised stakes. 8.13 million shares or 2.05% more from 7.97 million shares in 2017Q4 were reported.

North Star Invest owns 305,725 shares or 0.13% of their US portfolio. Bancorporation Of Mellon holds 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM) for 43,878 shares. Moreover, Sg Americas Secs Limited Liability Co has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM). Manufacturers Life Insurance The owns 1,333 shares for 0% of their portfolio. Morgan Stanley reported 30,409 shares stake. Schwab Charles Investment Mngmt Inc holds 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM) for 26,700 shares. Stone Ridge Asset Mngmt Ltd Liability Corporation invested in 0.01% or 35,178 shares. Bnp Paribas Arbitrage Sa reported 1,982 shares. Northern Trust holds 117,718 shares. Royal National Bank & Trust Of Canada holds 0% of its portfolio in Salem Media Group, Inc. (NASDAQ:SALM) for 231,310 shares. Legal & General Gru Pcl holds 2,209 shares or 0% of its portfolio. California Pub Employees Retirement System reported 39,300 shares. Moreover, Fincl Bank Of Montreal Can has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 3,083 shares. Neuberger Berman Group Incorporated Limited Liability Corp has 0% invested in Salem Media Group, Inc. (NASDAQ:SALM) for 132,075 shares. State Street, a Massachusetts-based fund reported 177,538 shares.

Since March 20, 2018, it had 0 buys, and 2 insider sales for $33,562 activity.

Salem Media Group (NASDAQ:SALM) Receives a Downgrade

Noble Financial has given Salem Media Group (NASDAQ:SALM) shares a new “Hold” rating in analysts note issued to investors and clients on Thursday, 9 August. This was a downgrade from the last “Buy” rating.

The stock decreased 16.67% or $0.85 during the last trading session, reaching $4.25. About 241,448 shares traded or 92.23% up from the average. Salem Media Group, Inc. (NASDAQ:SALM) has declined 42.96% since August 10, 2017 and is downtrending. It has underperformed by 55.53% the S&P500.

Salem Media Group, Inc. operates as a multi-media firm in the United States. The company has market cap of $111.25 million. It operates in three divisions: Broadcast, Digital Media, and Publishing. It has a 4.57 P/E ratio. The firm owns and operates radio networks, which produce and distribute talk, news, and music programming to radio stations, as well as sells commercial airtime to national advertisers and independent radio station affiliates.

More notable recent Salem Media Group, Inc. (NASDAQ:SALM) news were published by: Businesswire.com which released: “Salem Church Products Acquires ChildrensMinistryDeals.com” on July 26, 2018, also Benzinga.com with their article: “50 Biggest Movers From Yesterday” published on July 31, 2018, Streetinsider.com published: “Salem Media Group (SALM) Misses Q2 EPS by 17c; Offers 3Q Revenue Outlook” on August 08, 2018. More interesting news about Salem Media Group, Inc. (NASDAQ:SALM) were released by: Businesswire.com and their article: “Salem Media Group Schedules Second Quarter 2018 Earnings Release and Teleconference” published on July 24, 2018 as well as Benzinga.com‘s news article titled: “68 Stocks Moving In Thursday’s Mid-Day Session” with publication date: August 09, 2018.

Salem Media Group, Inc. (NASDAQ:SALM) Institutional Positions Chart

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