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

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 81,211 shares, a decrease of 13.2% from the February 12th total of 93,549 shares. Based on an average trading volume of 12,025 shares, the days-to-cover ratio is presently 6.8 days. Currently, 9.5% of the company’s stock are sold short. Currently, 9.5% of the company’s stock are sold short. Based on an average trading volume of 12,025 shares, the days-to-cover ratio is presently 6.8 days.

Beasley Broadcast Group Stock Down 1.9%

BBGI opened at $3.68 on Wednesday. The business has a 50 day moving average of $4.61 and a 200-day moving average of $5.03. The stock has a market capitalization of $6.62 million, a price-to-earnings ratio of -0.78 and a beta of 0.32. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.68. Beasley Broadcast Group has a 1-year low of $3.64 and a 1-year high of $26.37.

Institutional Trading of Beasley Broadcast Group

Several institutional investors have recently modified their holdings of BBGI. Gamco Investors INC. ET AL lifted its position in Beasley Broadcast Group by 22.3% in the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock worth $296,000 after purchasing an additional 10,238 shares during the period. Susquehanna International Group LLP acquired a new position in Beasley Broadcast Group in the third quarter worth about $85,000. Osaic Holdings Inc. bought a new position in Beasley Broadcast Group during the second quarter worth about $83,000. Finally, HRT Financial LP bought a new position in Beasley Broadcast Group during the fourth quarter worth about $129,000. Institutional investors and hedge funds own 21.73% of the company’s stock.

Wall Street Analyst Weigh In

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

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.