Beasley Broadcast Group (BBGI) Downgraded by BidaskClub to “Hold”

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%.

A number of large investors have recently bought and sold shares of BBGI. New York State Common Retirement Fund purchased a new stake in Beasley Broadcast Group in the second quarter valued at $105,000. SG Americas Securities LLC purchased a new stake in shares of Beasley Broadcast Group in the third quarter valued at about $114,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Beasley Broadcast Group in the second quarter valued at about $173,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Beasley Broadcast Group in the second quarter valued at about $374,000. Finally, State Street Corp purchased a new stake in shares of Beasley Broadcast Group in the second quarter valued at about $416,000. 14.68% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3079854/beasley-broadcast-group-bbgi-downgraded-by-bidaskclub-to-hold.html.

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.

Receive News & Ratings for Beasley Broadcast Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beasley Broadcast Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.