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

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

Beasley Broadcast Group Stock Performance

Shares of Beasley Broadcast Group stock opened at $0.64 on Friday. The company has a 50 day moving average of $0.68 and a 200-day moving average of $0.78. Beasley Broadcast Group has a 1-year low of $0.60 and a 1-year high of $1.28. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.77. The company has a market cap of $19.44 million, a PE ratio of -0.27 and a beta of 1.00.

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 acquired a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 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.