Beasley Broadcast Group (NASDAQ:BBGI) Research Coverage Started at StockNews.com

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

Beasley Broadcast Group Stock Performance

NASDAQ:BBGI opened at $5.96 on Monday. The firm has a market capitalization of $9.15 million, a P/E ratio of 3.57 and a beta of 0.81. Beasley Broadcast Group has a one year low of $5.96 and a one year high of $17.89. The stock has a 50-day moving average price of $8.17. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82.

Institutional Investors Weigh In On Beasley Broadcast Group

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after buying an additional 4,240 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Beasley Broadcast Group by 12.6% in the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after buying an additional 2,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Beasley Broadcast Group by 60.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after buying an additional 22,536 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.