StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.
Beasley Broadcast Group Stock Up 4.4 %
BBGI opened at $8.15 on Friday. The company has a market cap of $12.52 million, a P/E ratio of 4.88 and a beta of 0.86. The firm’s 50-day moving average is $8.53. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. 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
Large investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted 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 last quarter. Geode Capital Management LLC raised 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 valued at $192,000 after purchasing an additional 4,240 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position 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 last quarter. Institutional investors own 21.73% of the company’s stock.
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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