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

Equities research analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued on Saturday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Down 0.3 %

NASDAQ BBGI opened at $12.54 on Friday. The stock has a market cap of $19.06 million, a price-to-earnings ratio of -0.31 and a beta of 0.99. Beasley Broadcast Group has a 52 week low of $8.45 and a 52 week high of $20.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.78.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.40. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. The business had revenue of $60.44 million for the quarter, compared to the consensus estimate of $60.80 million. During the same quarter last year, the business posted ($1.60) earnings per share. As a group, research analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Institutional Trading of Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 (SEC). Institutional investors own 21.73% of the company’s stock.

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.