Investment analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.
Beasley Broadcast Group Stock Performance
BBGI stock opened at $7.90 on Friday. The firm has a market capitalization of $12.13 million, a price-to-earnings ratio of 4.73 and a beta of 0.86. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The firm’s fifty day moving average price is $8.54. Beasley Broadcast Group has a one year low of $7.60 and a one year high of $18.38.
Institutional Trading of Beasley Broadcast Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in Beasley Broadcast Group by 25.7% during the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after buying an additional 4,240 shares during the period. Gabelli Funds LLC grew its position in Beasley Broadcast Group by 12.6% during the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after buying an additional 2,900 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in Beasley Broadcast Group by 60.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after buying an additional 22,536 shares during the period. Institutional investors and hedge funds own 21.73% of the company’s stock.
About Beasley Broadcast Group
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.
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