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

StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) in a research report issued on Friday. The firm set a “hold” rating on the stock.

Shares of Beasley Broadcast Group stock opened at $1.44 on Friday. Beasley Broadcast Group has a fifty-two week low of $1.41 and a fifty-two week high of $3.39. The firm has a market cap of $42.30 million, a PE ratio of -28.79 and a beta of 1.22. The business’s fifty day moving average is $1.72 and its two-hundred day moving average is $1.93. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 1.12.

Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.12. 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 firm posted ($0.15) EPS. Equities research analysts anticipate that Beasley Broadcast Group will post -0.09 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Beasley Broadcast Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 398,028 shares of the company’s stock worth $1,058,000 after buying an additional 5,666 shares during the period. Gabelli Funds LLC raised its position in shares of Beasley Broadcast Group by 4.6% in the 3rd quarter. Gabelli Funds LLC now owns 191,893 shares of the company’s stock worth $512,000 after buying an additional 8,466 shares during the period. Renaissance Technologies LLC raised its position in shares of Beasley Broadcast Group by 10.8% in the 4th quarter. Renaissance Technologies LLC now owns 308,483 shares of the company’s stock worth $586,000 after buying an additional 30,146 shares during the period. Susquehanna International Group LLP raised its position in shares of Beasley Broadcast Group by 742.3% in the 4th quarter. Susquehanna International Group LLP now owns 93,239 shares of the company’s stock worth $176,000 after buying an additional 82,170 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Beasley Broadcast Group in the 1st quarter worth $27,000. 12.33% of the stock is currently owned by institutional investors and hedge funds.

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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