StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a report issued on Monday. The firm issued a hold rating on the stock.
Beasley Broadcast Group Stock Down 9.4 %
Beasley Broadcast Group stock opened at $5.96 on Monday. The firm’s fifty day moving average is $8.17. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. Beasley Broadcast Group has a 12 month low of $5.96 and a 12 month high of $17.89. The stock has a market cap of $9.15 million, a PE ratio of 3.57 and a beta of 0.81.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Beasley Broadcast Group by 25.7% during the fourth 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 last quarter. Gabelli Funds LLC raised its position in shares of Beasley Broadcast Group by 12.6% during the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after buying an additional 2,900 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Beasley Broadcast Group by 60.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after buying an additional 22,536 shares during the last quarter. Institutional investors and hedge funds 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.
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