Short Interest in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Decreases By 25.4%

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 41,241 shares, a decline of 25.4% from the December 31st total of 55,263 shares. Currently, 4.8% of the shares of the company are short sold. Based on an average trading volume of 42,128 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 42,128 shares, the days-to-cover ratio is currently 1.0 days. Currently, 4.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Beasley Broadcast Group

A number of hedge funds have recently added to or reduced their stakes in BBGI. Osaic Holdings Inc. acquired a new stake in Beasley Broadcast Group in the 2nd quarter valued at about $83,000. Susquehanna International Group LLP purchased a new stake in shares of Beasley Broadcast Group in the third quarter valued at about $85,000. Finally, Gamco Investors INC. ET AL grew its position in shares of Beasley Broadcast Group by 22.3% in the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock valued at $296,000 after purchasing an additional 10,238 shares during the last quarter. Institutional investors and hedge funds own 21.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Beasley Broadcast Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Beasley Broadcast Group Stock Performance

Shares of Beasley Broadcast Group stock traded down $0.18 during trading hours on Friday, hitting $5.01. 44,259 shares of the company were exchanged, compared to its average volume of 146,234. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average of $5.34 and a 200-day moving average of $5.08. Beasley Broadcast Group has a 1 year low of $3.67 and a 1 year high of $26.37. The stock has a market capitalization of $9.02 million, a price-to-earnings ratio of -1.06 and a beta of 0.24.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($1.97) earnings per share (EPS) for the quarter. The firm had revenue of $50.98 million during the quarter. Beasley Broadcast Group had a negative net margin of 3.84% and a negative return on equity of 2.59%.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.