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

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

Beasley Broadcast Group Stock Up 4.2 %

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

Institutional Trading of Beasley Broadcast Group

A number of hedge funds have recently added to or reduced their stakes in BBGI. Geode Capital Management LLC raised its position in shares of Beasley Broadcast Group by 25.7% in 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 during the period. Gabelli Funds LLC grew 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 acquiring an additional 2,900 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Beasley Broadcast Group by 60.7% in 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. 21.73% of the stock is owned by hedge funds and other institutional investors.

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.