Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note released on Thursday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Trading Down 2.8 %

Shares of Beasley Broadcast Group stock opened at $0.69 on Thursday. The stock’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $0.95. Beasley Broadcast Group has a 52-week low of $0.60 and a 52-week high of $1.39. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $20.69 million, a P/E ratio of -0.19 and a beta of 1.19.

Institutional Trading of Beasley Broadcast Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Atlas Wealth Partners LLC bought a new position in shares of Beasley Broadcast Group in the second quarter worth approximately $26,000. Gamco Investors INC. ET AL lifted 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 acquiring an additional 23,900 shares during the last quarter. Gabelli Funds LLC increased its stake in Beasley Broadcast Group by 9.5% in the second quarter. Gabelli Funds LLC now owns 261,000 shares of the company’s stock valued at $266,000 after acquiring an additional 22,636 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Beasley Broadcast Group during the first quarter valued at about $27,000. Finally, Signaturefd LLC lifted its stake in Beasley Broadcast Group by 20.5% during the first quarter. Signaturefd LLC now owns 73,910 shares of the company’s stock worth $61,000 after purchasing an additional 12,580 shares during the last quarter. 9.68% 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 also operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.