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

StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Up 6.2 %

Shares of BBGI opened at $0.74 on Wednesday. The company has a market capitalization of $22.54 million, a P/E ratio of -0.30 and a beta of 1.00. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.79 and a quick ratio of 1.79. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28. The business’s 50 day simple moving average is $0.80 and its 200-day simple moving average is $0.81.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Monday, February 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The business had revenue of $65.75 million during the quarter, compared to analyst estimates of $66.05 million. Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. As a group, sell-side analysts predict that Beasley Broadcast Group will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL increased its stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 730,450 shares of the company’s stock after purchasing an additional 23,900 shares during the period. Gamco Investors INC. ET AL owned 2.44% of Beasley Broadcast Group worth $636,000 as of its most recent SEC filing. Hedge funds and other 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.