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

Analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

NASDAQ BBGI opened at $5.90 on Tuesday. Beasley Broadcast Group has a twelve month low of $5.76 and a twelve month 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 market cap of $9.06 million, a PE ratio of 3.53 and a beta of 0.81. The business’s 50 day moving average price is $7.89.

Hedge Funds Weigh In On Beasley Broadcast Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Beasley Broadcast Group by 25.7% during the 4th quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after acquiring an additional 4,240 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Beasley Broadcast Group by 12.6% during 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 in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Beasley Broadcast Group by 60.7% during 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 in the last quarter. 21.73% of the stock is currently owned by hedge funds and other institutional investors.

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.