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

Beasley Broadcast Group, Inc. (NASDAQ:BBGI - Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 24,300 shares, a decline of 11.3% from the September 30th total of 27,400 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is currently 3.7 days. Approximately 5.2% of the company's stock are sold short.

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 stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 44,000 shares of the company's stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors own 21.73% of the company's stock.

Beasley Broadcast Group Price Performance

Shares of NASDAQ BBGI traded down $0.12 during midday trading on Tuesday, hitting $13.38. 447 shares of the company's stock were exchanged, compared to its average volume of 2,802. The firm has a market capitalization of $406.00 million, a PE ratio of -5.60 and a beta of 0.99. Beasley Broadcast Group has a twelve month low of $8.45 and a twelve month high of $20.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.77 and a current ratio of 1.77.

Beasley Broadcast Group (NASDAQ:BBGI - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.60) by $0.40. The company had revenue of $60.44 million for the quarter, compared to analysts' expectations of $60.80 million. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. During the same quarter last year, the company earned ($1.60) earnings per share. As a group, equities research analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Beasley Broadcast Group in a report on Friday. They issued a "hold" rating on the 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.