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

Investment analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Up 14.2 %

BBGI stock opened at $9.25 on Tuesday. The business has a 50 day simple moving average of $11.20. Beasley Broadcast Group has a 12 month low of $7.66 and a 12 month high of $20.00. The company has a market capitalization of $16.39 million, a P/E ratio of 5.54 and a beta of 0.97. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data 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 business had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. During the same quarter in the prior year, the company posted $1.80 earnings per share. On average, research analysts expect that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

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 Securities and Exchange Commission (SEC). The firm 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 SEC filing. 21.73% of the stock is currently owned by institutional investors.

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.