Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Update

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totalling 8,300 shares, a decline of 83.9% from the August 31st total of 51,600 shares. Based on an average daily trading volume, of 2,800 shares, the short-interest ratio is currently 3.0 days. Approximately 1.8% of the shares of the company are sold short.

Beasley Broadcast Group Stock Up 6.3 %

NASDAQ BBGI traded up $0.68 during trading hours on Friday, reaching $11.48. The company’s stock had a trading volume of 5,488 shares, compared to its average volume of 1,841. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78. Beasley Broadcast Group has a 1 year low of $8.45 and a 1 year high of $20.00. The stock has a market cap of $348.35 million, a PE ratio of -4.81 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $60.44 million during the quarter, compared to analysts’ expectations of $60.80 million. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. During the same period in the prior year, the business earned ($0.08) EPS. Research analysts predict that Beasley Broadcast Group will post -0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Beasley Broadcast Group in a research report on Monday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group as of its most recent filing with the Securities & Exchange Commission. 21.73% of the stock is currently owned by institutional investors.

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.