Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Down 27.3% in April

Beasley Broadcast Group, Inc. (NASDAQ:BBGIGet Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 28,000 shares, a decline of 27.3% from the April 15th total of 38,500 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 32,600 shares, the days-to-cover ratio is currently 0.9 days.

Separately, StockNews.com started coverage on shares of Beasley Broadcast Group in a report on Friday. They set a “hold” rating on the stock.

Several institutional investors have recently added to or reduced their stakes in BBGI. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Beasley Broadcast Group during the first quarter valued at approximately $27,000. Magnolia Capital Advisors LLC bought a new stake in Beasley Broadcast Group in the fourth quarter worth $29,000. Signaturefd LLC increased its position in 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 during the last quarter. Susquehanna International Group LLP increased its position in 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 during the last quarter. Finally, Gabelli Funds LLC increased 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 purchasing an additional 8,466 shares during the last quarter. Hedge funds and other institutional investors own 12.33% of the company’s stock.

Shares of NASDAQ:BBGI opened at $1.47 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.63 and a quick ratio of 2.52. Beasley Broadcast Group has a 1-year low of $1.41 and a 1-year high of $3.39. The company has a market capitalization of $43.19 million, a P/E ratio of 8.17 and a beta of 1.22. The firm’s 50 day simple moving average is $1.71 and its two-hundred day simple moving average is $1.91.

Beasley Broadcast Group (NASDAQ:BBGIGet Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.12. Beasley Broadcast Group had a net margin of 2.17% and a negative return on equity of 0.40%. During the same quarter in the previous year, the company earned ($0.15) EPS. On average, sell-side analysts anticipate that Beasley Broadcast Group will post -0.09 earnings per share for the current fiscal year.

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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