Short Interest in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Declines By 10.3%

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 21,800 shares, a decrease of 10.3% from the October 15th total of 24,300 shares. Based on an average daily trading volume, of 6,600 shares, the short-interest ratio is currently 3.3 days. Approximately 4.6% of the shares of the stock are short sold.

Beasley Broadcast Group Price Performance

Shares of NASDAQ:BBGI opened at $8.40 on Monday. The firm has a market capitalization of $14.87 million, a price-to-earnings ratio of 5.03 and a beta of 0.97. The company has a quick ratio of 1.77, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a one year low of $7.66 and a one year high of $20.00.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The business had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. During the same period in the prior year, the business posted $1.80 EPS. Sell-side analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current fiscal 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 the company in its most recent 13F filing with the SEC. The firm acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent filing with the SEC. 21.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Beasley Broadcast Group in a report on Monday. They issued a “hold” rating on the 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.