Headlines about Beasley Broadcast Group (NASDAQ:BBGI) have been trending very positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Beasley Broadcast Group earned a media sentiment score of 0.56 on Accern’s scale. Accern also gave news articles about the company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near future.
Separately, TheStreet upgraded Beasley Broadcast Group from a “c+” rating to a “b-” rating in a research report on Wednesday, March 22nd.
Beasley Broadcast Group (NASDAQ:BBGI) opened at 10.05 on Monday. Beasley Broadcast Group has a 52-week low of $4.40 and a 52-week high of $18.19. The company’s 50-day moving average price is $9.68 and its 200 day moving average price is $9.55. The stock has a market capitalization of $289.80 million, a PE ratio of 4.76 and a beta of 0.69.
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The firm also recently declared a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 30th were paid a $0.045 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.18 dividend on an annualized basis and a yield of 1.79%. Beasley Broadcast Group’s payout ratio is presently 8.91%.
In other Beasley Broadcast Group news, Director Joe B. Cox sold 3,550 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $8.41, for a total value of $29,855.50. Following the completion of the sale, the director now owns 2,207 shares in the company, valued at approximately $18,560.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joe B. Cox sold 5,000 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $9.49, for a total value of $47,450.00. Following the completion of the sale, the director now owns 6,857 shares of the company’s stock, valued at approximately $65,072.93. The disclosure for this sale can be found here. Corporate insiders own 69.86% of the company’s stock.
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About Beasley Broadcast Group
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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