Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

NASDAQ:BBGI opened at $1.67 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.52 and a quick ratio of 2.52. The firm’s 50-day moving average price is $1.75 and its 200-day moving average price is $1.95. The company has a market capitalization of $49.06 million, a PE ratio of -33.39 and a beta of 1.21. Beasley Broadcast Group has a 1-year low of $1.64 and a 1-year high of $3.39.

Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) last issued its earnings results on Tuesday, February 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.11. The business 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 previous year, the company earned $0.38 earnings per share. Equities analysts anticipate that Beasley Broadcast Group will post -0.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBGI. Geode Capital Management LLC grew its position in Beasley Broadcast Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 398,028 shares of the company’s stock valued at $1,058,000 after buying an additional 5,666 shares during the period. Renaissance Technologies LLC boosted its position 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 during the period. Gabelli Funds LLC boosted its position in shares of Beasley Broadcast Group by 4.6% during 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 last quarter. Susquehanna International Group LLP boosted its position in shares of Beasley Broadcast Group by 742.3% during the fourth quarter. Susquehanna International Group LLP now owns 93,239 shares of the company’s stock worth $176,000 after acquiring an additional 82,170 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Beasley Broadcast Group by 19.5% during the first quarter. Signaturefd LLC now owns 38,646 shares of the company’s stock worth $68,000 after acquiring an additional 6,312 shares during the last quarter. 12.33% of the stock is owned by hedge funds and other institutional investors.

About Beasley Broadcast Group (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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