StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a research report sent to investors on Monday. The firm issued a hold rating on the stock.
Beasley Broadcast Group Trading Up 0.8 %
BBGI opened at $6.35 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a 1-year low of $6.21 and a 1-year high of $17.89. The company has a market capitalization of $9.75 million, a P/E ratio of 3.80 and a beta of 0.81. The stock has a 50 day simple moving average of $8.27.
Institutional Trading of Beasley Broadcast Group
Several institutional investors and hedge funds have recently modified their holdings of the company. Gabelli Funds LLC raised its position in shares of Beasley Broadcast Group by 12.6% during the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after purchasing an additional 2,900 shares during the period. Geode Capital Management LLC grew its stake in shares of Beasley Broadcast Group by 25.7% in the 4th 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 in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Beasley Broadcast Group by 60.7% in the 4th 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 in the last quarter. 21.73% of the stock is currently owned by institutional investors.
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.
See Also
- Five stocks we like better than Beasley Broadcast Group
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- How to Protect Your Portfolio When Inflation Is Rising
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3 Tech Stocks Defying Sector Weakness and Thriving in 2025
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors
Receive News & Ratings for Beasley Broadcast Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beasley Broadcast Group and related companies with MarketBeat.com's FREE daily email newsletter.
