Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lowered its position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 190,000 shares of the company’s stock after selling 63,300 shares during the quarter. Teton Advisors Inc. owned approximately 0.63% of Beasley Broadcast Group worth $167,000 as of its most recent filing with the SEC.

Separately, Gamco Investors INC. ET AL raised its stake in Beasley Broadcast Group by 3.4% during the third quarter. Gamco Investors INC. ET AL now owns 730,450 shares of the company’s stock worth $636,000 after purchasing an additional 23,900 shares during the period. 21.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Beasley Broadcast Group Price Performance

Shares of BBGI stock remained flat at $0.72 during mid-day trading on Thursday. 972 shares of the stock were exchanged, compared to its average volume of 22,136. The firm’s 50-day moving average is $0.79 and its 200 day moving average is $0.81. Beasley Broadcast Group, Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $1.28. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $21.84 million, a price-to-earnings ratio of -0.28 and a beta of 1.03.

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

Beasley Broadcast Group Profile

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.