StockNews.com Initiates Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

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

Beasley Broadcast Group Price Performance

NASDAQ:BBGI opened at $13.31 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78. Beasley Broadcast Group has a 1-year low of $8.45 and a 1-year high of $20.00. The stock has a market capitalization of $403.88 million, a price-to-earnings ratio of -5.57 and a beta of 0.99.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Monday, August 12th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.40. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. The company had revenue of $60.44 million for the quarter, compared to analyst estimates of $60.80 million. During the same period last year, the business posted ($1.60) earnings per share. Analysts predict that Beasley Broadcast Group will post -1.2 earnings per share for the current year.

Institutional Trading of 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 Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 and hedge funds 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.