Equities researchers at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) in a research note issued to investors on Monday. The brokerage set a "hold" rating on the stock.
Beasley Broadcast Group Stock Performance
Shares of Beasley Broadcast Group stock opened at $1.13 on Monday. The firm has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.44. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.04 and a quick ratio of 2.04. Beasley Broadcast Group has a fifty-two week low of $1.07 and a fifty-two week high of $2.88. The firm has a market cap of $33.38 million, a P/E ratio of -3.65 and a beta of 1.17.
Get Beasley Broadcast Group alerts:Beasley Broadcast Group (NASDAQ:BBGI – Get Rating) last released its earnings results on Monday, August 1st. The company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.44). Beasley Broadcast Group had a negative return on equity of 3.47% and a negative net margin of 3.63%. During the same quarter last year, the business posted $0.01 EPS. Sell-side analysts predict that Beasley Broadcast Group will post 0.09 earnings per share for the current fiscal year.
Institutional Trading of Beasley Broadcast Group
A number of institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL grew its holdings in Beasley Broadcast Group by 4.7% during the 2nd 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 period. Raymond James Financial Services Advisors Inc. acquired a new stake in Beasley Broadcast Group during the 1st quarter worth $27,000. Finally, Signaturefd LLC grew its holdings in Beasley Broadcast Group by 19.5% during the 1st quarter. Signaturefd LLC now owns 38,646 shares of the company's stock worth $68,000 after acquiring an additional 6,312 shares during the period. Institutional investors and hedge funds own 11.42% of the company's stock.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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