StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) in a report released on Thursday. The firm set a "hold" rating on the stock.
Separately, Guggenheim lowered their price objective on Beasley Broadcast Group to $1.50 in a research report on Tuesday, November 15th.
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Beasley Broadcast Group Price Performance
Beasley Broadcast Group stock opened at $0.95 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $28.16 million, a PE ratio of -4.14 and a beta of 1.07. Beasley Broadcast Group has a 12 month low of $0.93 and a 12 month high of $2.10. The stock has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.19.
Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) last posted its earnings results on Monday, November 7th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.06. Beasley Broadcast Group had a negative return on equity of 2.66% and a negative net
margin of 2.79%. The firm had revenue of $63.82 million during the quarter, compared to the consensus estimate of $63.05 million.
Hedge Funds Weigh In On Beasley Broadcast Group
A number of hedge funds have recently made changes to their positions in BBGI. Gamco Investors INC. ET AL raised its position in shares of Beasley Broadcast Group by 4.7% during the second quarter. Gamco Investors INC. ET AL now owns 762,900 shares of the company's stock worth $977,000 after acquiring an additional 34,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Beasley Broadcast Group during the first quarter worth approximately $27,000. Finally, Gabelli Funds LLC grew its stake in Beasley Broadcast Group by 6.5% during the third quarter. Gabelli Funds LLC now owns 214,000 shares of the company's stock worth $231,000 after purchasing an additional 13,000 shares during the period. 11.42% of the stock is currently owned by institutional investors.
Beasley Broadcast Group Company Profile
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Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. It also operates Houston Outlaws, an esports team that competes in the Overwatch League. The company was founded in 1961 and is headquartered in Naples, Florida.
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