StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI - Free Report) in a research note released on Friday. The firm issued a hold rating on the stock.
Beasley Broadcast Group Stock Performance
Beasley Broadcast Group stock traded down $0.33 during mid-day trading on Friday, reaching $13.31. The stock had a trading volume of 20,577 shares, compared to its average volume of 2,815. The stock has a market cap of $403.94 million, a price-to-earnings ratio of -5.57 and a beta of 0.99. Beasley Broadcast Group has a one year low of $8.45 and a one year high of $20.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.77 and a quick ratio of 1.77.
Beasley Broadcast Group (NASDAQ:BBGI - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.60) by $0.40. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. The company had revenue of $60.44 million for the quarter, compared to analysts' expectations of $60.80 million. During the same quarter in the previous year, the business posted ($1.60) EPS. Sell-side analysts anticipate that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.
Hedge Funds Weigh In On Beasley Broadcast Group
A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 44,000 shares of the company's stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group as of its most recent filing with the SEC. 21.73% of the stock is owned by hedge funds and other institutional investors.
About Beasley Broadcast Group
(
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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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