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

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

Beasley Broadcast Group Price Performance

NASDAQ:BBGI opened at $5.97 on Friday. Beasley Broadcast Group has a 52 week low of $4.80 and a 52 week high of $15.22. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $10.70 million, a PE ratio of 3.57 and a beta of 0.66. The stock’s 50-day moving average price is $6.05 and its 200-day moving average price is $8.20.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly 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 company had revenue of $67.29 million during the quarter, compared to analysts’ expectations of $72.20 million.

Institutional Investors Weigh In On Beasley Broadcast Group

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Beasley Broadcast Group by 25.7% during the 4th quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after buying an additional 4,240 shares during the last quarter. Gabelli Funds LLC grew its holdings in 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 acquiring an additional 2,900 shares during the period. Finally, Gamco Investors INC. ET AL lifted 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 valued at $562,000 after acquiring 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.