Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by Analysts at StockNews.com

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

Beasley Broadcast Group Stock Performance

Shares of BBGI stock opened at $13.35 on Tuesday. Beasley Broadcast Group has a twelve month low of $8.45 and a twelve month high of $20.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $405.09 million, a P/E ratio of -5.20 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $60.44 million for the quarter, compared to analysts’ expectations of $60.80 million. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. During the same period in the previous year, the business posted ($0.08) earnings per share. On average, equities analysts anticipate that Beasley Broadcast Group will post -0.06 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 acquired a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors own 21.73% of the company’s stock.

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.