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

StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report released on Saturday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of NASDAQ:BBGI opened at $5.53 on Friday. Beasley Broadcast Group has a 1 year low of $4.80 and a 1 year high of $15.33. The company’s 50 day simple moving average is $6.26 and its 200 day simple moving average is $8.43. 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 $9.91 million, a price-to-earnings ratio of 3.31 and a beta of 0.66.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.52 earnings per share (EPS) 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 the consensus estimate of $72.20 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%.

Institutional Trading of Beasley Broadcast Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC lifted its holdings in shares of Beasley Broadcast Group by 12.6% during the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after purchasing an additional 2,900 shares during the period. Geode Capital Management LLC grew its holdings in Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after purchasing an additional 4,240 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Beasley Broadcast Group by 60.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after purchasing an additional 22,536 shares during the period. 21.73% of the stock is currently owned by institutional investors.

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.