Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

NASDAQ:BBGI opened at $9.09 on Tuesday. The company has a fifty day moving average of $11.11. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market capitalization of $16.08 million, a P/E ratio of 5.31 and a beta of 0.97. Beasley Broadcast Group has a one year low of $7.66 and a one year high of $20.00.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. The company had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same quarter in the previous year, the business posted $1.80 EPS. As a group, equities research analysts expect that Beasley Broadcast Group will post -1.2 earnings per share for the current 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 shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission. 21.73% of the stock is 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.