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

Posted by Scott Moore on Mar 21st, 2025

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Up 1.4 %

Shares of NASDAQ BBGI opened at $5.98 on Tuesday. The stock’s fifty day moving average price is $7.68. The company has a market capitalization of $9.19 million, a PE ratio of 3.58 and a beta of 0.81. Beasley Broadcast Group has a twelve month low of $5.76 and a twelve month high of $17.89. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82.

Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.52 earnings per share for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%.

Institutional Investors Weigh In On Beasley Broadcast Group

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Beasley Broadcast Group by 25.7% in the 4th quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after acquiring an additional 4,240 shares in the last quarter. Gabelli Funds LLC lifted its position in Beasley Broadcast Group by 12.6% in the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Beasley Broadcast Group by 60.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after buying an additional 22,536 shares during the last quarter. 21.73% of the stock is owned by institutional investors.

About Beasley Broadcast Group

(Get Free Report)

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.