Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report sent to investors on Tuesday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

Beasley Broadcast Group stock opened at $8.96 on Tuesday. The company has a market cap of $15.89 million, a PE ratio of 5.34 and a beta of 0.97. Beasley Broadcast Group has a 52-week low of $7.66 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $11.02.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. The company had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. During the same quarter in the previous year, the firm earned $1.80 EPS. On average, equities research analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current year.

Institutional Trading of Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group at the end of the most recent reporting period. Institutional investors own 21.73% of the company’s stock.

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.