Beasley Broadcast Group (NASDAQ:BBGI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGIGet Rating) in a research note issued to investors on Monday. The firm issued a hold rating on the stock.

Separately, Guggenheim decreased their price target on shares of Beasley Broadcast Group to $1.50 in a research note on Tuesday, November 15th.

Beasley Broadcast Group Stock Performance

BBGI stock opened at $1.01 on Monday. The company has a market capitalization of $29.85 million, a price-to-earnings ratio of -4.39 and a beta of 1.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.97 and a quick ratio of 1.97. Beasley Broadcast Group has a 1-year low of $0.97 and a 1-year high of $2.21. The business has a 50 day simple moving average of $1.06 and a two-hundred day simple moving average of $1.24.

Institutional Trading of Beasley Broadcast Group

Several hedge funds have recently modified their holdings of BBGI. Signaturefd LLC raised its stake in Beasley Broadcast Group by 19.5% during the first quarter. Signaturefd LLC now owns 38,646 shares of the company’s stock valued at $68,000 after purchasing an additional 6,312 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Beasley Broadcast Group by 6.5% in the 3rd quarter. Gabelli Funds LLC now owns 214,000 shares of the company’s stock worth $231,000 after buying an additional 13,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Beasley Broadcast Group during the 1st quarter valued at about $27,000. Finally, Gamco Investors INC. ET AL grew its position in Beasley Broadcast Group by 4.7% in the second quarter. Gamco Investors INC. ET AL now owns 762,900 shares of the company’s stock worth $977,000 after acquiring an additional 34,000 shares in the last quarter. 11.42% of the stock is owned by hedge funds and other institutional investors.

Beasley Broadcast Group Company Profile

(Get Rating)

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. It also operates Houston Outlaws, an esports team that competes in the Overwatch League. The company was founded in 1961 and is headquartered in Naples, Florida.

Read More

Receive News & Ratings for Beasley Broadcast Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beasley Broadcast Group and related companies with MarketBeat.com's FREE daily email newsletter.