Research analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.
Beasley Broadcast Group Trading Up 1.5 %
BBGI opened at $5.90 on Tuesday. Beasley Broadcast Group has a twelve month low of $5.76 and a twelve month high of $17.89. The company has a market capitalization of $9.06 million, a PE ratio of 3.53 and a beta of 0.81. The company’s 50 day simple moving average is $7.89. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BBGI. Geode Capital Management LLC grew its position in Beasley Broadcast Group by 25.7% in 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 during the last quarter. Gabelli Funds LLC grew its position in Beasley Broadcast Group by 12.6% in 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 during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Beasley Broadcast Group by 60.7% in 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 during the last quarter. Institutional investors and hedge funds own 21.73% of the company’s stock.
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.
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