StockNews.com Begins Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

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

Beasley Broadcast Group Trading Down 4.8 %

BBGI stock opened at $8.00 on Monday. Beasley Broadcast Group has a 1-year low of $7.66 and a 1-year high of $20.00. 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 50 day moving average of $11.43. The company has a market cap of $14.16 million, a price-to-earnings ratio of 4.79 and a beta of 0.97.

Beasley Broadcast Group (NASDAQ:BBGI) last announced 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 analyst estimates of $61.10 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. During the same period in the prior year, the firm earned $1.80 EPS. Sell-side analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current year.

Hedge Funds Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 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.