Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Set to Announce Earnings on Thursday
Beasley Broadcast Group, Inc. (NASDAQ:BBGI) traded down 1.36% during mid-day trading on Friday, hitting $10.85. 19,761 shares of the company were exchanged. The stock has a market cap of $312.87 million, a price-to-earnings ratio of 5.14 and a beta of 0.70. Beasley Broadcast Group, Inc. has a 12 month low of $4.75 and a 12 month high of $18.19. The firm has a 50 day moving average price of $10.14 and a 200 day moving average price of $9.93.
The business also recently announced a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 30th were issued a dividend of $0.045 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.18 annualized dividend and a dividend yield of 1.66%. Beasley Broadcast Group’s payout ratio is currently 8.91%.
In other Beasley Broadcast Group news, Director Joe B. Cox sold 3,550 shares of Beasley Broadcast Group stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $8.41, for a total transaction of $29,855.50. Following the sale, the director now directly owns 2,207 shares in the company, valued at approximately $18,560.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joe B. Cox sold 5,000 shares of Beasley Broadcast Group stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $9.49, for a total value of $47,450.00. Following the sale, the director now owns 6,857 shares in the company, valued at $65,072.93. The disclosure for this sale can be found here. 69.86% of the stock is owned by insiders.
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Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.
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