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

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

Beasley Broadcast Group Stock Performance

Shares of NASDAQ BBGI opened at $7.80 on Friday. The stock has a market capitalization of $12.01 million, a PE ratio of 4.67 and a beta of 0.86. Beasley Broadcast Group has a fifty-two week low of $7.60 and a fifty-two week high of $18.38. 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 company has a fifty day moving average of $8.64.

Hedge Funds Weigh In On Beasley Broadcast Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBGI. Gamco Investors INC. ET AL grew its position 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 worth $562,000 after buying an additional 22,536 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $192,000 after buying an additional 4,240 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in Beasley Broadcast Group by 12.6% during 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 in the last quarter. 21.73% of the stock is currently owned by hedge funds and other 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.