Equities research analysts at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.
Beasley Broadcast Group Trading Down 6.7 %
Shares of BBGI stock opened at $7.18 on Friday. The company has a fifty day simple moving average of $8.45. 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 1 year low of $7.10 and a 1 year high of $18.07. The firm has a market cap of $11.03 million, a price-to-earnings ratio of 4.30 and a beta of 0.86.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BBGI. Gamco Investors INC. ET AL raised its stake 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 worth $562,000 after purchasing an additional 22,536 shares in the last quarter. Geode Capital Management LLC raised its position in Beasley Broadcast Group by 25.7% during the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after acquiring an additional 4,240 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in Beasley Broadcast Group by 12.6% during the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after acquiring an additional 2,900 shares in the last quarter. 21.73% of the stock is owned by institutional investors and hedge funds.
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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