Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

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

Beasley Broadcast Group Trading Up 4.2 %

BBGI opened at $8.13 on Friday. Beasley Broadcast Group has a twelve month low of $7.60 and a twelve month high of $18.38. The firm has a market capitalization of $12.51 million, a price-to-earnings ratio of 4.87 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. The stock’s 50-day simple moving average is $8.63.

Institutional Investors Weigh In On Beasley Broadcast Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Beasley Broadcast Group by 25.7% during the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after buying an additional 4,240 shares during the last quarter. Gabelli Funds LLC raised its holdings 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 worth $244,000 after acquiring an additional 2,900 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Beasley Broadcast Group by 60.7% during the 4th 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 last quarter. Institutional investors and hedge funds own 21.73% of the company’s stock.

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.