Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated by Analysts at StockNews.com

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

Beasley Broadcast Group Stock Up 4.2 %

Shares of BBGI opened at $8.13 on Friday. The firm has a 50-day moving average of $8.63. The company has a market cap of $12.51 million, a price-to-earnings ratio of 4.87 and a beta of 0.86. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.38.

Hedge Funds Weigh In On Beasley Broadcast Group

A number of institutional investors and hedge funds have recently bought and sold shares of BBGI. Geode Capital Management LLC boosted its position in shares of Beasley Broadcast Group by 25.7% during the 4th quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after purchasing an additional 4,240 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Beasley Broadcast Group by 12.6% during the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Beasley Broadcast Group by 60.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after purchasing an additional 22,536 shares in the last quarter. 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.