Beasley Broadcast Group (NASDAQ:BBGI) is set to release its earnings data before the market opens on Monday, February 12th.
Shares of Beasley Broadcast Group (BBGI) traded down $0.10 during trading hours on Thursday, reaching $12.35. The company had a trading volume of 6,003 shares, compared to its average volume of 13,289. Beasley Broadcast Group has a 1 year low of $7.75 and a 1 year high of $18.19. The company has a market cap of $358.39, a P/E ratio of 5.61 and a beta of 0.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.18 and a current ratio of 3.18.
Hedge funds have recently made changes to their positions in the business. State Street Corp bought a new stake in shares of Beasley Broadcast Group in the 2nd quarter worth approximately $416,000. Northern Trust Corp lifted its position in shares of Beasley Broadcast Group by 302.9% in the 2nd quarter. Northern Trust Corp now owns 56,422 shares of the company’s stock worth $552,000 after acquiring an additional 42,419 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Beasley Broadcast Group by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 122,479 shares of the company’s stock worth $1,200,000 after acquiring an additional 8,146 shares during the period. Institutional investors own 14.59% 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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