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

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

Beasley Broadcast Group Trading Up 1.4 %

NASDAQ BBGI opened at $5.98 on Tuesday. The firm has a market capitalization of $9.19 million, a price-to-earnings ratio of 3.58 and a beta of 0.81. The business’s 50 day moving average price is $7.68. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a 1-year low of $5.76 and a 1-year high of $17.89.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Thursday, March 20th. The company reported $1.52 earnings per share for the quarter. 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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC increased its holdings in shares of Beasley Broadcast Group by 12.6% in the fourth 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 in the last quarter. 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 valued at $192,000 after purchasing an additional 4,240 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of 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 purchasing an additional 22,536 shares in the last quarter. Institutional investors and hedge funds own 21.73% of the company’s stock.

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.