Beasley Broadcast Group (NASDAQ:BBGI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Trading Up 0.7 %

Shares of NASDAQ BBGI opened at $12.48 on Wednesday. The company has a market capitalization of $378.71 million, a P/E ratio of -5.22 and a beta of 0.99. Beasley Broadcast Group has a 52-week low of $8.45 and a 52-week high of $20.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.78.

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

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors and hedge funds own 21.73% of the company’s stock.

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.