Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Down 15.0% in April

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 30,600 shares, a decline of 15.0% from the March 31st total of 36,000 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Beasley Broadcast Group

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL increased its position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 730,450 shares of the company’s stock after buying an additional 23,900 shares during the period. Gamco Investors INC. ET AL owned 2.44% of Beasley Broadcast Group worth $636,000 as of its most recent filing with the Securities and Exchange Commission. 21.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Beasley Broadcast Group in a research note on Wednesday. They issued a “hold” rating on the stock.

Beasley Broadcast Group Stock Up 6.2 %

Shares of BBGI stock traded up $0.04 during trading on Friday, reaching $0.74. The company’s stock had a trading volume of 7,677 shares, compared to its average volume of 31,106. The business has a fifty day moving average price of $0.80 and a 200-day moving average price of $0.81. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.77. The company has a market cap of $22.54 million, a price-to-earnings ratio of -0.30 and a beta of 1.00. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings data on Monday, February 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $65.75 million during the quarter, compared to the consensus estimate of $66.05 million. Beasley Broadcast Group had a negative return on equity of 3.99% and a negative net margin of 30.40%. Analysts anticipate that Beasley Broadcast Group will post -0.08 earnings per share for the current year.

About Beasley Broadcast Group

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.