BidaskClub downgraded shares of Beasley Broadcast Group (NASDAQ:BBGI) from a buy rating to a hold rating in a report issued on Wednesday morning.
Shares of Beasley Broadcast Group (NASDAQ:BBGI) traded down $0.20 during mid-day trading on Wednesday, hitting $10.90. The stock had a trading volume of 33,500 shares, compared to its average volume of 27,821. The firm has a market capitalization of $319.52, a P/E ratio of 11.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.18 and a current ratio of 3.18. Beasley Broadcast Group has a 1-year low of $5.70 and a 1-year high of $18.19.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 29th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, December 28th. Beasley Broadcast Group’s payout ratio is 8.18%.
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Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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