Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

NASDAQ BBGI opened at $0.71 on Wednesday. The stock’s 50-day moving average price is $0.81 and its two-hundred day moving average price is $0.81. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.77. The company has a market cap of $21.41 million, a PE ratio of -0.28 and a beta of 1.00. Beasley Broadcast Group has a 1 year low of $0.60 and a 1 year high of $1.28.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Monday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $65.75 million for the quarter, compared to analyst estimates of $66.05 million. Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. On average, analysts predict that Beasley Broadcast Group will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Beasley Broadcast Group

An institutional investor recently raised its position in Beasley Broadcast Group stock. Gamco Investors INC. ET AL boosted its holdings in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 730,450 shares of the company’s stock after acquiring an additional 23,900 shares during the quarter. Gamco Investors INC. ET AL owned approximately 2.44% of Beasley Broadcast Group worth $636,000 at the end of the most recent reporting period. 21.73% of the stock is currently owned by institutional investors and hedge funds.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.