Stock analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a report released on Saturday. The firm set a “hold” rating on the stock.
Beasley Broadcast Group Stock Up 0.1 %
NASDAQ:BBGI opened at $7.90 on Friday. Beasley Broadcast Group has a 52 week low of $7.60 and a 52 week high of $18.38. The company’s 50 day moving average price is $8.54. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $12.13 million, a PE ratio of 4.73 and a beta of 0.86.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after buying an additional 4,240 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Beasley Broadcast Group by 12.6% in the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after buying an additional 2,900 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Beasley Broadcast Group by 60.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after buying an additional 22,536 shares during the last quarter. 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.
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