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

StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report sent to investors on Tuesday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Stock Down 4.1 %

Shares of BBGI opened at $8.87 on Tuesday. The firm’s 50-day moving average is $11.15. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. Beasley Broadcast Group has a twelve month low of $7.66 and a twelve month high of $20.00. The company has a market capitalization of $15.72 million, a PE ratio of 5.54 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) earnings per share (EPS) for the quarter. The firm had revenue of $58.19 million during the quarter, compared to analysts’ expectations 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 prior year, the company earned $1.80 earnings per share. Analysts expect that Beasley Broadcast Group will post -1.2 earnings per share for the current fiscal 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 Form 13F filing with the SEC. The fund purchased 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.