Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by StockNews.com

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

Beasley Broadcast Group Stock Down 1.3 %

Shares of NASDAQ BBGI opened at $0.82 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $24.73 million, a PE ratio of -0.32 and a beta of 1.01. The stock’s fifty day simple moving average is $0.88 and its two-hundred day simple moving average is $0.85. Beasley Broadcast Group has a 12-month low of $0.60 and a 12-month high of $1.28.

Beasley Broadcast Group (NASDAQ:BBGIGet Free Report) last announced its earnings results on Monday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Beasley Broadcast Group had a negative net margin of 30.40% and a negative return on equity of 3.99%. The company had revenue of $65.75 million for the quarter, compared to the consensus estimate of $66.05 million. As a group, analysts expect that Beasley Broadcast Group will post -0.08 EPS for the current fiscal year.

Institutional Trading of Beasley Broadcast Group

Several hedge funds and other institutional investors have recently made changes to their positions in BBGI. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Beasley Broadcast Group during the 1st quarter valued at $27,000. Northern Trust Corp lifted its holdings in shares of Beasley Broadcast Group by 78.2% during the 4th quarter. Northern Trust Corp now owns 40,851 shares of the company’s stock valued at $36,000 after purchasing an additional 17,921 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Beasley Broadcast Group by 6.9% during the 2nd quarter. Renaissance Technologies LLC now owns 154,321 shares of the company’s stock valued at $157,000 after purchasing an additional 10,000 shares during the last quarter. Gabelli Funds LLC raised its stake in Beasley Broadcast Group by 8.7% in the 1st quarter. Gabelli Funds LLC now owns 238,364 shares of the company’s stock worth $195,000 after acquiring an additional 19,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Beasley Broadcast Group by 3.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 730,450 shares of the company’s stock worth $636,000 after acquiring an additional 23,900 shares during the last quarter. Hedge funds and other institutional investors own 9.68% of the company’s stock.

About Beasley Broadcast Group

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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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