Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

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

Beasley Broadcast Group Price Performance

Shares of NASDAQ BBGI opened at $5.90 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a one year low of $5.75 and a one year high of $16.60. The company has a 50-day moving average price of $7.32. The stock has a market capitalization of $9.05 million, a P/E ratio of 3.53 and a beta of 0.81.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Thursday, March 20th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.68). Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The firm had revenue of $67.29 million during the quarter, compared to the consensus estimate of $72.20 million.

Institutional Investors Weigh In On Beasley Broadcast Group

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Beasley Broadcast Group by 25.7% during the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after buying an additional 4,240 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Beasley Broadcast Group by 12.6% during 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 during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Beasley Broadcast Group by 60.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after acquiring an additional 22,536 shares during the last quarter. 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.