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

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

Beasley Broadcast Group Trading Down 3.3 %

NASDAQ BBGI opened at $5.42 on Monday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $9.70 million, a P/E ratio of 3.24 and a beta of 0.40. The stock’s 50-day moving average is $5.71 and its 200-day moving average is $7.92. Beasley Broadcast Group has a one year low of $4.80 and a one year high of $15.22.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($1.50) EPS for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%.

Hedge Funds Weigh In On Beasley Broadcast Group

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted 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 worth $192,000 after purchasing an additional 4,240 shares during the last quarter. Gabelli Funds LLC boosted its stake 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 worth $244,000 after buying an additional 2,900 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Beasley Broadcast Group by 60.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after acquiring an additional 22,536 shares in the last quarter. 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.