Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by StockNews.com

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

Beasley Broadcast Group Stock Performance

Shares of BBGI opened at $10.80 on Monday. Beasley Broadcast Group has a 12 month low of $8.45 and a 12 month high of $20.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.78. The firm has a market cap of $327.72 million, a P/E ratio of -4.52 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. The business had revenue of $60.44 million during the quarter, compared to analyst estimates of $60.80 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. On average, equities analysts forecast that Beasley Broadcast Group will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group at the end of the most recent reporting period. 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.