Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated by Analysts at StockNews.com

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

Beasley Broadcast Group Stock Down 1.3 %

Shares of BBGI stock opened at $8.96 on Tuesday. The company has a market cap of $15.89 million, a price-to-earnings ratio of 5.34 and a beta of 0.97. Beasley Broadcast Group has a twelve month low of $7.66 and a twelve month high of $20.00. 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’s fifty day moving average price is $11.02.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The firm had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same quarter in the prior year, the firm earned $1.80 EPS. As a group, equities research analysts expect that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing. Institutional investors and hedge funds own 21.73% of the company’s stock.

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.