Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of BBGI stock opened at $5.53 on Thursday. Beasley Broadcast Group has a fifty-two week low of $5.45 and a fifty-two week high of $16.40. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $8.49 million, a price-to-earnings ratio of 3.31 and a beta of 0.81. The business’s 50-day simple moving average is $7.14.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Thursday, March 20th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $67.29 million for the quarter, compared to analysts’ expectations of $72.20 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%.

Institutional Trading of Beasley Broadcast Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after purchasing an additional 4,240 shares during the period. Gabelli Funds LLC increased its holdings in Beasley Broadcast Group by 12.6% in the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after buying an additional 2,900 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in Beasley Broadcast Group by 60.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $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.

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.