Beasley Broadcast Group (NASDAQ:BBGI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report released on Thursday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Down 0.2 %

BBGI stock opened at $0.66 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.77. The company’s 50 day moving average is $0.68 and its 200 day moving average is $0.78. The stock has a market cap of $19.95 million, a price-to-earnings ratio of -0.28 and a beta of 1.00. Beasley Broadcast Group has a 1-year low of $0.60 and a 1-year high of $1.28.

Hedge Funds Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 Securities and Exchange Commission (SEC). 21.73% of the stock is owned by institutional investors and hedge funds.

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.