StockNews.com Begins Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report published on Thursday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Down 0.1 %

Beasley Broadcast Group stock opened at $0.73 on Thursday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $22.14 million, a PE ratio of -0.29 and a beta of 1.03. The business has a 50 day simple moving average of $0.78 and a 200-day simple moving average of $0.80. Beasley Broadcast Group has a 12 month low of $0.60 and a 12 month high of $1.28.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Monday, February 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $65.75 million during the quarter, compared to analysts’ expectations of $66.05 million. Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. On average, analysts anticipate that Beasley Broadcast Group will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL grew its position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 730,450 shares of the company’s stock after acquiring an additional 23,900 shares during the quarter. Gamco Investors INC. ET AL owned about 2.44% of Beasley Broadcast Group worth $636,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.73% of the company’s stock.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.