Beasley Broadcast Group (BBGI) Stock Rating Lowered by BidaskClub

Beasley Broadcast Group (NASDAQ:BBGI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Shares of Beasley Broadcast Group (BBGI) traded up $0.30 during trading on Friday, hitting $11.65. 11,849 shares of the stock were exchanged, compared to its average volume of 13,309. Beasley Broadcast Group has a 12 month low of $6.90 and a 12 month high of $18.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.18 and a current ratio of 3.18. The company has a market cap of $326.72, a P/E ratio of 5.30 and a beta of 0.77.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.22 EPS for the quarter. Beasley Broadcast Group had a net margin of 25.94% and a return on equity of 12.35%.

Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new position in Beasley Broadcast Group in the 2nd quarter valued at approximately $105,000. SG Americas Securities LLC bought a new position in Beasley Broadcast Group in the 3rd quarter valued at approximately $114,000. Schwab Charles Investment Management Inc. bought a new position in Beasley Broadcast Group in the 2nd quarter valued at approximately $173,000. State Street Corp bought a new position in Beasley Broadcast Group in the 2nd quarter valued at approximately $416,000. Finally, Northern Trust Corp lifted its stake in Beasley Broadcast Group by 302.9% in the 2nd quarter. Northern Trust Corp now owns 56,422 shares of the company’s stock valued at $552,000 after purchasing an additional 42,419 shares during the last quarter. 14.68% of the stock is owned by institutional investors and hedge funds.

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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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