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

Stock analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 3.6 %

NASDAQ BBGI opened at $6.58 on Monday. The firm has a 50-day moving average of $8.23. The company has a market capitalization of $10.11 million, a P/E ratio of 3.94 and a beta of 0.81. 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 12 month low of $6.18 and a 12 month high of $17.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL grew its stake in Beasley Broadcast Group by 60.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after acquiring an additional 22,536 shares during the period. Gabelli Funds LLC grew its stake in Beasley Broadcast Group by 12.6% in the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after acquiring an additional 2,900 shares during the period. Finally, Geode Capital Management LLC grew its stake in Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after acquiring an additional 4,240 shares during the period. 21.73% of the stock is 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.