Beasley Broadcast Group Inc (NASDAQ:BBGI) shares hit a new 52-week low on Monday . The company traded as low as $5.51 and last traded at $5.84, with a volume of 1 shares trading hands. The stock had previously closed at $5.77.

A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of Beasley Broadcast Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Guggenheim assumed coverage on shares of Beasley Broadcast Group in a research note on Wednesday, August 29th. They issued a “buy” rating and a $8.50 price target on the stock.

The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $158.58 million, a price-to-earnings ratio of 8.61 and a beta of 0.54.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Penn Capital Management Co. Inc. acquired a new stake in shares of Beasley Broadcast Group during the 3rd quarter worth approximately $993,000. Putnam Investments LLC acquired a new stake in shares of Beasley Broadcast Group during the 3rd quarter worth approximately $1,268,000. Algert Global LLC acquired a new stake in shares of Beasley Broadcast Group during the 3rd quarter worth approximately $465,000. Bridgeway Capital Management Inc. increased its holdings in shares of Beasley Broadcast Group by 66.3% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 128,625 shares of the company’s stock worth $888,000 after buying an additional 51,300 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of Beasley Broadcast Group by 866.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 30,163 shares of the company’s stock worth $208,000 after buying an additional 27,042 shares during the last quarter. Institutional investors and hedge funds own 18.60% of the company’s stock.

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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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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