StockNews.com Initiates Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

Equities researchers at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Up 1.5 %

BBGI opened at $0.60 on Friday. Beasley Broadcast Group has a fifty-two week low of $0.42 and a fifty-two week high of $1.00. The business has a 50-day moving average of $0.63 and a 200-day moving average of $0.70. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $18.12 million, a PE ratio of -0.25 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. The company had revenue of $60.44 million during the quarter, compared to the consensus estimate of $60.80 million. During the same period last year, the business earned ($0.08) EPS. Equities research analysts forecast that Beasley Broadcast Group will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group as of its most recent filing with the Securities and Exchange Commission. 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.