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

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

NASDAQ BBGI opened at $0.73 on Tuesday. Beasley Broadcast Group has a 12 month low of $0.60 and a 12 month high of $1.28. The company has a 50-day moving average of $0.81 and a 200-day moving average of $0.81. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $22.20 million, a P/E ratio of -0.29 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Monday, February 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Beasley Broadcast Group had a negative net margin of 30.40% and a negative return on equity of 3.99%. The company had revenue of $65.75 million for the quarter, compared to analyst estimates of $66.05 million. As a group, equities analysts predict that Beasley Broadcast Group will post -0.08 earnings per share for the current year.

Institutional Trading of Beasley Broadcast Group

Institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL grew its holdings in shares of Beasley Broadcast Group by 3.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 730,450 shares of the company’s stock worth $636,000 after purchasing an additional 23,900 shares during the period. Northern Trust Corp boosted its holdings in Beasley Broadcast Group by 78.2% in the 4th quarter. Northern Trust Corp now owns 40,851 shares of the company’s stock worth $36,000 after acquiring an additional 17,921 shares during the period. Renaissance Technologies LLC boosted its holdings in Beasley Broadcast Group by 6.9% in the 2nd quarter. Renaissance Technologies LLC now owns 154,321 shares of the company’s stock worth $157,000 after acquiring an additional 10,000 shares during the period. Gabelli Funds LLC boosted its holdings in Beasley Broadcast Group by 8.7% in the 1st quarter. Gabelli Funds LLC now owns 238,364 shares of the company’s stock worth $195,000 after acquiring an additional 19,000 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Beasley Broadcast Group in the 1st quarter worth approximately $27,000. Hedge funds and other 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.