SG Americas Securities LLC Purchases New Holdings in Beasley Broadcast Group Inc (BBGI)
SG Americas Securities LLC purchased a new position in shares of Beasley Broadcast Group Inc (NASDAQ:BBGI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,734 shares of the company’s stock, valued at approximately $114,000.
A number of other institutional investors and hedge funds also recently modified their holdings of BBGI. Schwab Charles Investment Management Inc. purchased a new stake in Beasley Broadcast Group in the 2nd quarter valued at about $173,000. New York State Common Retirement Fund purchased a new stake in Beasley Broadcast Group in the 2nd quarter valued at about $105,000. Northern Trust Corp raised its holdings in Beasley Broadcast Group by 302.9% in the 2nd quarter. Northern Trust Corp now owns 56,422 shares of the company’s stock valued at $552,000 after buying an additional 42,419 shares during the period. Vanguard Group Inc. raised its holdings in Beasley Broadcast Group by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 122,479 shares of the company’s stock valued at $1,200,000 after buying an additional 8,146 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Beasley Broadcast Group by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 433,048 shares of the company’s stock valued at $4,244,000 after buying an additional 14,339 shares during the period. Hedge funds and other institutional investors own 14.68% of the company’s stock.
Separately, BidaskClub upgraded shares of Beasley Broadcast Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th.
Beasley Broadcast Group Inc (NASDAQ BBGI) opened at $13.40 on Monday. The firm has a market capitalization of $385.73, a PE ratio of 6.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.18 and a quick ratio of 3.18. Beasley Broadcast Group Inc has a 52-week low of $5.70 and a 52-week high of $18.19.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 29th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, December 28th. Beasley Broadcast Group’s dividend payout ratio is currently 8.18%.
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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