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

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

Beasley Broadcast Group Price Performance

Shares of BBGI opened at $0.70 on Wednesday. The firm has a market capitalization of $21.18 million, a price-to-earnings ratio of -0.28 and a beta of 1.00. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.79 and a current ratio of 1.79. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28. The stock’s fifty day moving average is $0.80 and its 200-day moving average is $0.81.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL increased its position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 730,450 shares of the company’s stock after acquiring an additional 23,900 shares during the period. Gamco Investors INC. ET AL owned approximately 2.44% of Beasley Broadcast Group worth $636,000 at the end of the most recent quarter. 21.73% of the stock is owned by institutional investors and hedge funds.

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.