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

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

Shares of Beasley Broadcast Group stock opened at $1.71 on Monday. The stock has a market cap of $50.04 million, a P/E ratio of -34.19 and a beta of 1.29. The stock’s 50 day simple moving average is $1.82 and its 200-day simple moving average is $2.06. Beasley Broadcast Group has a 1-year low of $1.66 and a 1-year high of $3.39. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.52 and a quick ratio of 2.52.

Beasley Broadcast Group (NASDAQ:BBGIGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.11. The firm had revenue of $70.74 million for the quarter, compared to the consensus estimate of $69.35 million. Beasley Broadcast Group had a negative return on equity of 1.26% and a negative net margin of 0.58%. During the same quarter last year, the business posted $0.38 earnings per share. As a group, research analysts expect that Beasley Broadcast Group will post -0.09 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP boosted its holdings in Beasley Broadcast Group by 742.3% in the 4th quarter. Susquehanna International Group LLP now owns 93,239 shares of the company’s stock valued at $176,000 after purchasing an additional 82,170 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Beasley Broadcast Group by 10.8% during the 4th quarter. Renaissance Technologies LLC now owns 308,483 shares of the company’s stock valued at $586,000 after buying an additional 30,146 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in shares of Beasley Broadcast Group during the 4th quarter valued at approximately $29,000. Signaturefd LLC lifted its holdings in Beasley Broadcast Group by 28.9% in the fourth quarter. Signaturefd LLC now owns 32,334 shares of the company’s stock valued at $61,000 after acquiring an additional 7,252 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Beasley Broadcast Group by 4.6% during the 3rd quarter. Gabelli Funds LLC now owns 191,893 shares of the company’s stock worth $512,000 after purchasing an additional 8,466 shares during the period. Hedge funds and other institutional investors own 12.08% of the company’s stock.

Beasley Broadcast Group Company Profile (Get Rating)

Beasley Broadcast Group, Inc, a multi-platform media company, operates radio stations in the United States. It also operates Houston Outlaws, an esports team that competes in the Overwatch League. The company was founded by George G. Beasley in 1961 and is headquartered in Naples, FL.

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