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

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report sent to investors on Monday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Trading Down 1.2 %

Shares of NASDAQ BBGI opened at $10.00 on Monday. Beasley Broadcast Group has a 12-month low of $8.45 and a 12-month high of $20.00. The company has a market cap of $303.44 million, a price-to-earnings ratio of -4.18 and a beta of 1.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78. The stock’s 50 day simple moving average is $0.98 and its 200 day simple moving average is $0.80.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $60.44 million for the quarter, compared to analysts’ expectations of $60.80 million. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. During the same period last year, the business posted ($0.08) earnings per share. Equities research analysts expect that Beasley Broadcast Group will post -0.06 EPS for the current year.

Institutional Trading of Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group at the end of the most recent quarter. Hedge funds and other 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.