Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Update

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 41,241 shares, a drop of 25.4% from the December 31st total of 55,263 shares. Based on an average daily volume of 42,128 shares, the short-interest ratio is presently 1.0 days. Currently, 4.8% of the company’s stock are short sold. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 42,128 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Beasley Broadcast Group

Several hedge funds and other institutional investors have recently bought and sold shares of BBGI. Osaic Holdings Inc. purchased a new stake in shares of Beasley Broadcast Group in the 2nd quarter valued at about $83,000. Susquehanna International Group LLP acquired a new position in Beasley Broadcast Group during the third quarter worth approximately $85,000. Finally, Gamco Investors INC. ET AL lifted its stake in Beasley Broadcast Group by 22.3% in the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock valued at $296,000 after buying an additional 10,238 shares during the last quarter. 21.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Beasley Broadcast Group in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Beasley Broadcast Group Stock Down 3.5%

Shares of NASDAQ:BBGI traded down $0.18 on Friday, hitting $5.01. 44,259 shares of the company’s stock were exchanged, compared to its average volume of 146,234. Beasley Broadcast Group has a 1-year low of $3.67 and a 1-year high of $26.37. The company has a market capitalization of $9.02 million, a PE ratio of -1.06 and a beta of 0.24. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s 50-day moving average is $5.34 and its 200 day moving average is $5.08.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its earnings results on Monday, November 10th. The company reported ($1.97) earnings per share for the quarter. The business had revenue of $50.98 million for the quarter. Beasley Broadcast Group had a negative return on equity of 2.59% and a negative net margin of 3.84%.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.