Beasley Broadcast Group Inc (NASDAQ:BBGI) shares reached a new 52-week low during trading on Monday . The company traded as low as $5.94 and last traded at $6.01, with a volume of 100 shares. The stock had previously closed at $6.35.

A number of research analysts have recently commented on BBGI shares. BidaskClub cut shares of Beasley Broadcast Group from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Guggenheim started coverage on shares of Beasley Broadcast Group in a report on Wednesday, August 29th. They issued a “buy” rating and a $8.50 target price for the company. Finally, ValuEngine cut shares of Beasley Broadcast Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th.

The company has a debt-to-equity ratio of 0.89, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $166.27 million, a PE ratio of 9.02 and a beta of 0.54.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings data on Friday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.14). Beasley Broadcast Group had a net margin of 30.80% and a return on equity of 6.67%. The firm had revenue of $65.15 million during the quarter.

Several institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC acquired a new position in shares of Beasley Broadcast Group in the third quarter valued at approximately $465,000. Bridgeway Capital Management Inc. increased its stake in shares of Beasley Broadcast Group by 66.3% in the third quarter. Bridgeway Capital Management Inc. now owns 128,625 shares of the company’s stock valued at $888,000 after buying an additional 51,300 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Beasley Broadcast Group by 866.5% in the third quarter. Panagora Asset Management Inc. now owns 30,163 shares of the company’s stock valued at $208,000 after buying an additional 27,042 shares during the period. Granite Point Capital Management L.P. acquired a new position in shares of Beasley Broadcast Group in the third quarter valued at approximately $3,105,000. Finally, BlackRock Inc. increased its stake in shares of Beasley Broadcast Group by 15.9% in the third quarter. BlackRock Inc. now owns 337,880 shares of the company’s stock valued at $2,331,000 after buying an additional 46,341 shares during the period. 16.15% of the stock is owned by institutional investors.

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Beasley Broadcast Group Company Profile (NASDAQ:BBGI)

Beasley Broadcast Group, Inc, a radio broadcasting company, operates radio stations in the United States. As of February 12, 2018, it owned and operated 63 stations, including 45 FM and 18 AM stations in 15 large- and mid-size markets. The company was founded in 1961 and is headquartered in Naples, Florida.

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