Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Update

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 113,363 shares, an increase of 115.4% from the November 30th total of 52,634 shares. Based on an average trading volume of 4,492,628 shares, the short-interest ratio is currently 0.0 days. Approximately 13.3% of the company’s stock are sold short. Approximately 13.3% of the company’s stock are sold short. Based on an average trading volume of 4,492,628 shares, the short-interest ratio is currently 0.0 days.

Beasley Broadcast Group Price Performance

NASDAQ BBGI opened at $5.03 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $9.05 million, a PE ratio of -1.06 and a beta of 0.27. Beasley Broadcast Group has a 12-month low of $3.67 and a 12-month high of $26.37. The company has a 50 day moving average price of $5.13 and a two-hundred day moving average price of $4.90.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings results on Monday, November 10th. The company reported ($1.97) earnings per share for the quarter. The business had revenue of $50.98 million for the quarter. Beasley Broadcast Group had a negative net margin of 3.84% and a negative return on equity of 2.59%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Beasley Broadcast Group in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Beasley Broadcast Group has an average rating of “Sell”.

Institutional Trading of Beasley Broadcast Group

Large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. acquired a new position in shares of Beasley Broadcast Group during the 2nd quarter valued at about $83,000. Susquehanna International Group LLP bought a new stake in Beasley Broadcast Group during the third quarter worth approximately $85,000. Finally, Gamco Investors INC. ET AL grew its holdings in Beasley Broadcast Group by 22.3% during the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock valued at $296,000 after purchasing an additional 10,238 shares during the last quarter. Institutional investors own 21.73% of the company’s stock.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.