Shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.47 and traded as high as $24.99. Beasley Broadcast Group shares last traded at $24.94, with a volume of 54,804 shares traded.
Analyst Ratings Changes
BBGI has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Beasley Broadcast Group in a report on Friday, March 27th. Wall Street Zen raised shares of Beasley Broadcast Group to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Beasley Broadcast Group currently has an average rating of “Sell”.
Get Our Latest Analysis on BBGI
Beasley Broadcast Group Stock Performance
Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $1.77 EPS for the quarter. The business had revenue of $42.59 million during the quarter. Beasley Broadcast Group had a negative return on equity of 27.43% and a negative net margin of 95.51%.
Hedge Funds Weigh In On Beasley Broadcast Group
Several institutional investors have recently modified their holdings of BBGI. Osaic Holdings Inc. acquired a new stake in shares of Beasley Broadcast Group in the 2nd quarter valued at approximately $83,000. Susquehanna International Group LLP acquired a new position in Beasley Broadcast Group during the third quarter valued at approximately $85,000. HRT Financial LP acquired a new position in Beasley Broadcast Group during the fourth quarter valued at approximately $129,000. Finally, Gamco Investors INC. ET AL increased its stake in Beasley Broadcast Group by 9.5% in the first quarter. Gamco Investors INC. ET AL now owns 63,399 shares of the company’s stock valued at $212,000 after purchasing an additional 5,475 shares in the last quarter. 21.73% of the stock is currently owned by institutional investors and hedge funds.
Beasley Broadcast Group Company Profile
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.
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