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

Analysts at StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report issued on Monday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

BBGI stock opened at $8.40 on Monday. The stock has a market capitalization of $14.87 million, a PE ratio of 5.03 and a beta of 0.97. Beasley Broadcast Group has a 1-year low of $7.66 and a 1-year high of $20.00. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.77.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. The firm had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. During the same quarter in the previous year, the company posted $1.80 EPS. As a group, equities research analysts forecast that Beasley Broadcast Group will post -1.2 earnings per share for the current 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 bought a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors 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.