Wall Street Zen Begins Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

Research analysts at Wall Street Zen initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

Shares of NASDAQ:BBGI opened at $5.15 on Wednesday. Beasley Broadcast Group has a 1 year low of $4.80 and a 1 year high of $14.95. The business has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $7.37. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The firm has a market cap of $9.23 million, a price-to-earnings ratio of 3.08 and a beta of 0.40.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Wednesday, May 7th. The company reported ($1.50) earnings per share for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%.

Hedge Funds Weigh In On Beasley Broadcast Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBGI. Geode Capital Management LLC increased its holdings in Beasley Broadcast Group by 25.7% in the 4th quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after buying an additional 4,240 shares during the period. Gabelli Funds LLC grew its position in Beasley Broadcast Group by 12.6% during the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after acquiring 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% during the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after acquiring an additional 22,536 shares during the last quarter. 21.73% of the stock is currently owned by institutional investors.

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.