Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated at StockNews.com

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

Beasley Broadcast Group Stock Down 3.1 %

BBGI stock opened at $0.63 on Wednesday. The firm’s fifty day moving average is $0.69 and its 200 day moving average is $0.79. The firm has a market cap of $19.15 million, a PE ratio of -0.26 and a beta of 1.00. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.92 and a current ratio of 1.92.

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 shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group at the end of the most recent reporting period. 21.73% of the stock is owned by hedge funds and other institutional investors.

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.