Beasley Broadcast Group (NASDAQ:BBGI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of BBGI stock remained flat at $0.73 on Thursday. 14,171 shares of the company traded hands, compared to its average volume of 28,891. The stock has a market cap of $22.14 million, a PE ratio of -0.29 and a beta of 1.03. The firm’s 50 day moving average is $0.78 and its two-hundred day moving average is $0.80. Beasley Broadcast Group has a 52 week low of $0.60 and a 52 week high of $1.28. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.77.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL boosted its position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 730,450 shares of the company’s stock after acquiring an additional 23,900 shares during the period. Gamco Investors INC. ET AL owned 2.44% of Beasley Broadcast Group worth $636,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 21.73% of the company’s stock.

About Beasley Broadcast Group

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.