StockNews.com Initiates Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

Investment analysts at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 2.4 %

NASDAQ BBGI opened at $9.09 on Tuesday. The business’s 50-day moving average is $11.11. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a 1 year low of $7.66 and a 1 year high of $20.00. The firm has a market cap of $16.08 million, a P/E ratio of 5.31 and a beta of 0.97.

Beasley Broadcast Group (NASDAQ:BBGI) last issued 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 period last year, the business earned $1.80 EPS. Research analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On 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 shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group at the end of the most recent quarter. 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.