Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Sees Significant Decrease in Short Interest

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 21,800 shares, a decline of 10.3% from the October 15th total of 24,300 shares. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is presently 3.3 days. Currently, 4.6% of the company’s stock are sold short.

Beasley Broadcast Group Stock Up 0.2 %

Shares of NASDAQ:BBGI traded up $0.02 during trading on Friday, reaching $8.40. The stock had a trading volume of 2,458 shares, compared to its average volume of 6,754. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.77 and a current ratio of 1.60. The stock has a market capitalization of $14.87 million, a P/E ratio of 5.03 and a beta of 0.97. Beasley Broadcast Group has a one year low of $7.66 and a one year high of $20.00.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. The firm had revenue of $58.19 million during the quarter, compared to analysts’ expectations of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same period in the prior year, the firm posted $1.80 earnings per share. On average, equities analysts anticipate that Beasley Broadcast Group will post -1.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group as of its most recent filing with the SEC. 21.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Beasley Broadcast Group in a research report on Sunday, November 10th. They issued a “hold” rating for the company.

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.