Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report released on Tuesday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Trading Down 2.9 %

Shares of Beasley Broadcast Group stock opened at $0.71 on Tuesday. Beasley Broadcast Group has a 1 year low of $0.60 and a 1 year high of $1.28. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $21.56 million, a P/E ratio of -0.28 and a beta of 1.00. The company’s fifty day moving average is $0.81 and its two-hundred day moving average is $0.81.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Monday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. The business had revenue of $65.75 million for the quarter, compared to analysts’ expectations of $66.05 million. Analysts forecast that Beasley Broadcast Group will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. purchased a new position in Beasley Broadcast Group during the 1st quarter worth $27,000. Northern Trust Corp lifted its stake in shares of Beasley Broadcast Group by 78.2% in the 4th quarter. Northern Trust Corp now owns 40,851 shares of the company’s stock worth $36,000 after acquiring an additional 17,921 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Beasley Broadcast Group by 6.9% in the 2nd quarter. Renaissance Technologies LLC now owns 154,321 shares of the company’s stock worth $157,000 after acquiring an additional 10,000 shares during the period. Gabelli Funds LLC lifted its stake in shares of Beasley Broadcast Group by 8.7% in the 1st quarter. Gabelli Funds LLC now owns 238,364 shares of the company’s stock worth $195,000 after acquiring an additional 19,000 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Beasley Broadcast Group by 3.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 730,450 shares of the company’s stock worth $636,000 after acquiring an additional 23,900 shares during the period. 21.73% of the stock is owned by hedge funds and other institutional investors.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.