Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note released on Tuesday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of BBGI opened at $8.87 on Tuesday. Beasley Broadcast Group has a fifty-two week low of $7.66 and a fifty-two week high of $20.00. The business has a 50-day simple moving average of $11.15. The stock has a market capitalization of $15.72 million, a PE ratio of 5.54 and a beta of 0.97. 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 (NASDAQ:BBGI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. The company had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. During the same period in the prior year, the firm earned $1.80 earnings per share. Equities research analysts predict that Beasley Broadcast Group will post -1.2 EPS for the current year.

Institutional Trading of Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. Hedge funds and other 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.