StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the stock.
Beasley Broadcast Group Price Performance
Shares of BBGI opened at $8.15 on Friday. The company has a market capitalization of $12.52 million, a price-to-earnings ratio of 4.88 and a beta of 0.86. 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 one year low of $7.60 and a one year high of $18.38. The business has a fifty day moving average price of $8.53.
Institutional Trading of Beasley Broadcast Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of Beasley Broadcast Group by 25.7% during the 4th 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. Gabelli Funds LLC lifted 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 valued at $244,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in 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 valued at $562,000 after purchasing an additional 22,536 shares during the period. 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.
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