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

Research analysts at StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

Shares of BBGI stock opened at $8.15 on Friday. The firm has a market cap of $12.39 million, a price-to-earnings ratio of 4.88 and a beta of 0.97. Beasley Broadcast Group has a 1-year low of $7.66 and a 1-year 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 released its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The business had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.09%. During the same quarter in the previous year, the firm earned $1.80 EPS. On average, research analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 disclosure with the SEC. The firm acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group as of its most recent filing with the SEC. Hedge funds and other institutional investors 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.