Investment analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.
Beasley Broadcast Group Stock Down 3.2 %
Shares of BBGI stock opened at $6.30 on Monday. 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 business’s 50-day moving average price is $8.27. Beasley Broadcast Group has a 12-month low of $6.21 and a 12-month high of $17.89. The company has a market capitalization of $9.68 million, a price-to-earnings ratio of 3.77 and a beta of 0.81.
Institutional Investors Weigh In On Beasley Broadcast Group
Several hedge funds have recently added to or reduced their stakes in BBGI. Geode Capital Management LLC lifted its stake in Beasley Broadcast Group by 25.7% during the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after purchasing an additional 4,240 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Beasley Broadcast Group by 12.6% in the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Beasley Broadcast Group by 60.7% in the 4th 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 last quarter. 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.
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