Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by Analysts at StockNews.com

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

Beasley Broadcast Group Price Performance

Shares of BBGI stock opened at $0.78 on Friday. The company’s 50-day simple moving average is $0.86 and its two-hundred day simple moving average is $0.83. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.79 and a quick ratio of 1.79. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28. The company has a market capitalization of $23.66 million, a P/E ratio of -0.31 and a beta of 1.01.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings data on Monday, February 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. The firm had revenue of $65.75 million for the quarter, compared to analysts’ expectations of $66.05 million. As a group, equities analysts anticipate that Beasley Broadcast Group will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Beasley Broadcast Group

Several large investors have recently modified their holdings of BBGI. Renaissance Technologies LLC raised its stake in Beasley Broadcast Group by 6.9% in the second quarter. Renaissance Technologies LLC now owns 154,321 shares of the company’s stock worth $157,000 after buying an additional 10,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Beasley Broadcast Group in the first quarter valued at about $27,000. Northern Trust Corp raised its holdings in Beasley Broadcast Group by 78.2% in the fourth quarter. Northern Trust Corp now owns 40,851 shares of the company’s stock worth $36,000 after purchasing an additional 17,921 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Beasley Broadcast Group by 8.7% during the first quarter. Gabelli Funds LLC now owns 238,364 shares of the company’s stock valued at $195,000 after buying an additional 19,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Beasley Broadcast Group by 2.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 749,790 shares of the company’s stock valued at $658,000 after buying an additional 19,340 shares in the last quarter. 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.