Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Releases Earnings Results
Beasley Broadcast Group, Inc. (NASDAQ:BBGI) issued its quarterly earnings results on Monday. The company reported $0.06 EPS for the quarter, Morningstar.com reports. Beasley Broadcast Group had a return on equity of 13.05% and a net margin of 32.62%.
Beasley Broadcast Group (NASDAQ BBGI) opened at 10.50 on Tuesday. The company’s 50-day moving average price is $10.22 and its 200-day moving average price is $10.16. The firm has a market capitalization of $302.78 million, a price-to-earnings ratio of 4.97 and a beta of 0.69. Beasley Broadcast Group has a 12-month low of $4.75 and a 12-month high of $18.19.
The company 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. This represents a $0.18 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, June 28th. Beasley Broadcast Group’s payout ratio is currently 8.91%.
In other news, Director Joe B. Cox sold 3,550 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 2,207 shares in the company, valued at $18,560.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joe B. Cox sold 5,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $65,072.93. The disclosure for this sale can be found here. 69.86% of the stock is currently owned by insiders.
A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Municipal Employees Retirement System of Michigan bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,180 shares of the company’s stock, valued at approximately $374,000. Municipal Employees Retirement System of Michigan owned approximately 0.13% of Beasley Broadcast Group as of its most recent filing with the SEC. Institutional investors own 12.85% of the company’s stock.
About Beasley Broadcast Group
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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