StockNews.com Begins Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

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

Beasley Broadcast Group Trading Down 5.5 %

Shares of Beasley Broadcast Group stock opened at $5.19 on Thursday. The company has a market capitalization of $7.97 million, a price-to-earnings ratio of 3.11 and a beta of 0.81. The company’s 50 day moving average price is $7.02. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. Beasley Broadcast Group has a 12 month low of $5.09 and a 12 month high of $16.00.

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

Institutional Trading of Beasley Broadcast Group

A number of institutional investors have recently bought and sold shares of BBGI. Geode Capital Management LLC increased 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 acquiring an additional 4,240 shares during the last quarter. Gabelli Funds LLC grew its holdings in Beasley Broadcast Group by 12.6% during the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Beasley Broadcast Group by 60.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after purchasing an additional 22,536 shares during the last quarter. 21.73% of the stock is currently owned by institutional investors.

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.