Schwab Charles Investment Management Inc. Acquires New Stake in Beasley Broadcast Group, Inc. (BBGI)
Schwab Charles Investment Management Inc. acquired a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,600 shares of the company’s stock, valued at approximately $173,000. Schwab Charles Investment Management Inc. owned approximately 0.06% of Beasley Broadcast Group as of its most recent SEC filing.
Separately, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Beasley Broadcast Group in the second quarter worth $374,000. Institutional investors and hedge funds own 14.13% of the company’s stock.
Shares of Beasley Broadcast Group, Inc. (NASDAQ BBGI) opened at $9.70 on Tuesday. Beasley Broadcast Group, Inc. has a 52-week low of $4.75 and a 52-week high of $18.19. The stock has a market cap of $284.98, a price-to-earnings ratio of 10.31 and a beta of 0.71. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.95.
Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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