Beasley Broadcast Group (BBGI) Posts Quarterly Earnings Results

Beasley Broadcast Group (NASDAQ:BBGI) posted its quarterly earnings results on Monday. The company reported $0.50 earnings per share for the quarter, Morningstar.com reports. Beasley Broadcast Group had a net margin of 37.53% and a return on equity of 11.59%. The business had revenue of $58.52 million during the quarter.

Shares of Beasley Broadcast Group (NASDAQ:BBGI) opened at $12.35 on Wednesday. Beasley Broadcast Group has a one year low of $7.75 and a one year high of $18.19. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.95. The firm has a market cap of $355.52, a P/E ratio of 5.02 and a beta of 1.09.

Several institutional investors have recently bought and sold shares of BBGI. Schwab Charles Investment Management Inc. purchased a new stake in shares of Beasley Broadcast Group in the 2nd quarter valued at approximately $173,000. New York State Common Retirement Fund purchased a new stake in shares of Beasley Broadcast Group in the 2nd quarter valued at approximately $105,000. Northern Trust Corp grew its stake 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 valued at $552,000 after buying an additional 42,419 shares during the period. Vanguard Group Inc. grew its stake 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 valued at $1,200,000 after buying an additional 8,146 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Beasley Broadcast Group by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 433,048 shares of the company’s stock valued at $4,244,000 after buying an additional 14,339 shares during the period. 14.38% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Beasley Broadcast Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th.

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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.

Earnings History for Beasley Broadcast Group (NASDAQ:BBGI)

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