Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by 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 Performance

Shares of BBGI stock opened at $5.62 on Tuesday. The company has a fifty day moving average price of $5.61 and a two-hundred day moving average price of $7.67. Beasley Broadcast Group has a one year low of $4.80 and a one year high of $14.95. The stock has a market cap of $10.07 million, a P/E ratio of 3.37 and a beta of 0.40. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Wednesday, May 7th. The company reported ($1.50) EPS for the quarter. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%.

Institutional Investors Weigh In On Beasley Broadcast Group

A number of hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL increased its holdings in Beasley Broadcast Group by 60.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after purchasing an additional 22,536 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Beasley Broadcast Group by 12.6% during the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after buying an additional 4,240 shares during the period. 21.73% of the stock is currently owned by institutional investors and hedge funds.

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.