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

Equities research analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Trading Down 1.0 %

BBGI stock opened at $1.03 on Wednesday. The firm has a fifty day moving average price of $0.91 and a 200 day moving average price of $1.01. Beasley Broadcast Group has a fifty-two week low of $0.74 and a fifty-two week high of $1.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $30.68 million, a PE ratio of -0.71 and a beta of 1.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC boosted its stake in Beasley Broadcast Group by 8.7% during the first quarter. Gabelli Funds LLC now owns 238,364 shares of the company’s stock worth $195,000 after buying an additional 19,000 shares during the period. Signaturefd LLC raised its position in shares of Beasley Broadcast Group by 20.5% in the 1st quarter. Signaturefd LLC now owns 73,910 shares of the company’s stock worth $61,000 after acquiring an additional 12,580 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Beasley Broadcast Group in the 1st quarter worth approximately $27,000. 10.91% of the stock is owned by hedge funds and other institutional investors.

About Beasley Broadcast Group

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Beasley Broadcast Group, Inc is multi-platform media company, which engages in the operation of radio stations in the United States. It operates through the following business segments: Audio, Digital, and Esports. The Audio segment refers to the sale of commercial advertising to customers. The Digital segment focuses on the sale of digital advertising to customers.