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

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGIGet Rating) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

BBGI opened at $1.69 on Tuesday. Beasley Broadcast Group has a twelve month low of $1.65 and a twelve month high of $3.39. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average of $1.80 and a 200-day moving average of $2.03. The stock has a market cap of $49.45 million, a PE ratio of -33.79 and a beta of 1.29.

Beasley Broadcast Group (NASDAQ:BBGIGet Rating) last posted its quarterly earnings data on Tuesday, February 8th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.11. The company had revenue of $70.74 million during the quarter, compared to analysts’ expectations of $69.35 million. Beasley Broadcast Group had a negative net margin of 0.58% and a negative return on equity of 1.26%. During the same period in the prior year, the company posted $0.38 earnings per share. Sell-side analysts anticipate that Beasley Broadcast Group will post -0.09 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in BBGI. Geode Capital Management LLC raised its position in Beasley Broadcast Group by 1.4% in the third quarter. Geode Capital Management LLC now owns 398,028 shares of the company’s stock worth $1,058,000 after acquiring an additional 5,666 shares during the period. Gabelli Funds LLC raised its position in Beasley Broadcast Group by 4.6% in the third quarter. Gabelli Funds LLC now owns 191,893 shares of the company’s stock worth $512,000 after acquiring an additional 8,466 shares during the period. Renaissance Technologies LLC increased its stake in shares of Beasley Broadcast Group by 10.8% in the fourth quarter. Renaissance Technologies LLC now owns 308,483 shares of the company’s stock worth $586,000 after purchasing an additional 30,146 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of Beasley Broadcast Group by 742.3% in the fourth quarter. Susquehanna International Group LLP now owns 93,239 shares of the company’s stock worth $176,000 after purchasing an additional 82,170 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Beasley Broadcast Group by 28.9% in the fourth quarter. Signaturefd LLC now owns 32,334 shares of the company’s stock worth $61,000 after purchasing an additional 7,252 shares in the last quarter. 12.08% of the stock is currently owned by hedge funds and other institutional investors.

Beasley Broadcast Group Company Profile (Get Rating)

Beasley Broadcast Group, Inc, a multi-platform media company, owns and 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 in 1961 and is headquartered in Naples, Florida.

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