StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a research report report published on Tuesday. The brokerage issued a hold rating on the stock.
Beasley Broadcast Group Stock Up 2.5 %
BBGI stock opened at $6.05 on Tuesday. Beasley Broadcast Group has a twelve month low of $5.76 and a twelve month high of $17.89. The firm has a market capitalization of $9.29 million, a P/E ratio of 3.62 and a beta of 0.81. The business’s 50-day moving average price is $7.82. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82.
Institutional Investors Weigh In On Beasley Broadcast Group
A number of institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL boosted its holdings in Beasley Broadcast Group by 60.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after purchasing an additional 22,536 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Beasley Broadcast Group by 12.6% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Beasley Broadcast Group by 25.7% during the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after purchasing an additional 4,240 shares in the last quarter. 21.73% of the stock is owned by institutional investors and hedge funds.
Beasley Broadcast Group Company Profile
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.
Featured Stories
- Five stocks we like better than Beasley Broadcast Group
- Where Do I Find 52-Week Highs and Lows?
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- What is Put Option Volume?
- 3 Must-Own Stocks to Build Wealth This Decade
- What Does a Stock Split Mean?
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
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.
