Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by StockNews.com

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

Beasley Broadcast Group Price Performance

NASDAQ:BBGI opened at $8.70 on Friday. Beasley Broadcast Group has a 52 week low of $8.45 and a 52 week high of $20.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $13.22 million, a P/E ratio of 5.21 and a beta of 0.97.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.09%. The firm had revenue of $58.19 million for the quarter, compared to analysts’ expectations of $61.10 million. During the same period in the previous year, the company earned $1.80 EPS. Equities research analysts anticipate that Beasley Broadcast Group will post -1.2 EPS 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 purchased 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 Securities and Exchange Commission (SEC). The firm purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group at the end of the most recent quarter. 21.73% of the stock is currently 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.