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

Research analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Stock Down 2.5 %

Beasley Broadcast Group stock opened at $4.94 on Friday. The stock has a market cap of $8.84 million, a PE ratio of 2.96 and a beta of 0.66. 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 fifty day moving average of $6.60 and a 200 day moving average of $8.74. Beasley Broadcast Group has a one year low of $4.80 and a one year high of $16.00.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The business had revenue of $67.29 million during the quarter, compared to the consensus estimate of $72.20 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%.

Institutional Investors Weigh In On Beasley Broadcast Group

A number of hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL lifted its position in Beasley Broadcast Group by 60.7% during 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. Gabelli Funds LLC raised its stake 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 worth $244,000 after buying an additional 2,900 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 buying an additional 4,240 shares in the last quarter. Institutional investors 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.