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

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

Beasley Broadcast Group Price Performance

Shares of NASDAQ:BBGI opened at $0.73 on Thursday. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28. The stock has a market capitalization of $22.14 million, a price-to-earnings ratio of -0.29 and a beta of 1.03. The company has a 50-day simple moving average of $0.78 and a 200-day simple moving average of $0.80. 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 (NASDAQ:BBGI) last released its quarterly earnings results on Monday, February 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. The company had revenue of $65.75 million for the quarter, compared to analysts’ expectations of $66.05 million. On average, analysts predict that Beasley Broadcast Group will post -0.08 EPS for the current year.

Institutional Trading of Beasley Broadcast Group

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL boosted its position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% in 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 purchasing 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 and hedge funds 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.