StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.
Beasley Broadcast Group Stock Performance
Shares of BBGI opened at $6.06 on Tuesday. Beasley Broadcast Group has a 52-week low of $5.76 and a 52-week high of $17.89. The business’s 50-day moving average is $7.75. 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 has a market cap of $9.31 million, a PE ratio of 3.63 and a beta of 0.81.
Institutional Trading of Beasley Broadcast Group
Several institutional investors and hedge funds have recently bought and sold shares of BBGI. Geode Capital Management LLC increased its holdings in shares of Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after purchasing an additional 4,240 shares during the period. Gabelli Funds LLC increased its stake in Beasley Broadcast Group by 12.6% in the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Beasley Broadcast Group by 60.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after acquiring an additional 22,536 shares during the last quarter. 21.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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