Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report released on Sunday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

Beasley Broadcast Group stock opened at $8.15 on Friday. 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 $7.66 and a 1-year high of $20.00. The firm has a market cap of $12.39 million, a PE ratio of 4.88 and a beta of 0.97.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The company had revenue of $58.19 million during the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.09% and a net margin of 1.07%. During the same period in the prior year, the firm earned $1.80 EPS. On average, research analysts predict that Beasley Broadcast Group will post -1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to its most recent filing with the SEC. The firm bought 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 quarter. 21.73% of the stock is currently owned by hedge funds and other institutional investors.

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.