Beasley Broadcast Group (NASDAQ:BBGI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report report published on Wednesday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Stock Down 0.8 %

Beasley Broadcast Group stock opened at $0.70 on Wednesday. Beasley Broadcast Group has a fifty-two week low of $0.60 and a fifty-two week high of $1.28. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a 50 day moving average price of $0.80 and a 200 day moving average price of $0.81. The company has a market capitalization of $21.23 million, a PE ratio of -0.28 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Monday, February 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $66.05 million. Research analysts expect that Beasley Broadcast Group will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On Beasley Broadcast Group

An institutional investor recently raised its position in Beasley Broadcast Group stock. Gamco Investors INC. ET AL grew its holdings in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 2.44% of Beasley Broadcast Group worth $636,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 21.73% of the company’s stock.

Beasley Broadcast Group Company Profile

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.