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

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report issued on Sunday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Trading Down 4.6 %

NASDAQ:BBGI opened at $8.22 on Friday. Beasley Broadcast Group has a twelve month low of $7.66 and a twelve month high of $20.00. The firm has a market capitalization of $12.49 million, a P/E ratio of 4.92 and a beta of 0.97. The company has a current ratio of 1.60, a quick ratio of 1.77 and a debt-to-equity ratio of 1.82.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The business had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. During the same quarter last year, the firm posted $1.80 EPS. On average, analysts expect that Beasley Broadcast Group will post -1.2 EPS for the current year.

Hedge Funds Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group as of its most recent filing with the SEC. 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.