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

Equities research analysts at StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

Shares of BBGI opened at $6.06 on Tuesday. Beasley Broadcast Group has a 1 year low of $5.76 and a 1 year high of $17.89. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a 50 day moving average price of $7.75. The stock has a market capitalization of $9.31 million, a price-to-earnings ratio of 3.63 and a beta of 0.81.

Hedge Funds Weigh In On Beasley Broadcast Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL lifted its stake 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 last quarter. Gabelli Funds LLC grew its stake 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 valued at $244,000 after buying an additional 2,900 shares during the last quarter. Finally, 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 worth $192,000 after buying an additional 4,240 shares during the period. Institutional investors 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.