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

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Up 0.1 %

Shares of Beasley Broadcast Group stock opened at $7.90 on Friday. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.38. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The business’s 50-day moving average price is $8.54. The firm has a market capitalization of $12.13 million, a price-to-earnings ratio of 4.73 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its stake 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 worth $562,000 after acquiring an additional 22,536 shares during the period. Gabelli Funds LLC grew 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 buying an additional 2,900 shares during the period. Finally, Geode Capital Management LLC grew 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 buying an additional 4,240 shares during the period. 21.73% of the stock is currently owned by institutional investors and hedge funds.

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.