Beasley Broadcast Group Inc (NASDAQ:BBGI) CEO Caroline Beasley bought 5,000 shares of Beasley Broadcast Group stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of $2.85 per share, with a total value of $14,250.00. Following the completion of the purchase, the chief executive officer now owns 223,582 shares in the company, valued at $637,208.70. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Shares of NASDAQ:BBGI traded up $0.03 during midday trading on Tuesday, reaching $2.86. 100 shares of the company’s stock traded hands, compared to its average volume of 26,693. The company has a fifty day simple moving average of $2.91 and a two-hundred day simple moving average of $3.13. Beasley Broadcast Group Inc has a 1 year low of $2.80 and a 1 year high of $5.24. The company has a market cap of $79.02 million, a P/E ratio of 10.90 and a beta of 1.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65.
Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Beasley Broadcast Group had a net margin of 4.06% and a return on equity of 2.60%. The company had revenue of $66.12 million for the quarter.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its holdings in shares of Beasley Broadcast Group by 1.5% during the third quarter. Gamco Investors INC. ET AL now owns 1,114,893 shares of the company’s stock valued at $3,456,000 after acquiring an additional 16,800 shares during the last quarter. Teton Advisors Inc. raised its stake in Beasley Broadcast Group by 0.6% in the 3rd quarter. Teton Advisors Inc. now owns 902,000 shares of the company’s stock valued at $2,796,000 after purchasing an additional 5,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Beasley Broadcast Group by 17.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 77,463 shares of the company’s stock valued at $240,000 after purchasing an additional 11,256 shares during the last quarter. Royal Bank of Canada raised its stake in Beasley Broadcast Group by 20,530.0% in the 2nd quarter. Royal Bank of Canada now owns 41,260 shares of the company’s stock valued at $133,000 after purchasing an additional 41,060 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in Beasley Broadcast Group in the 2nd quarter valued at $114,000. Hedge funds and other institutional investors own 18.62% of the company’s stock.
About Beasley Broadcast Group
Beasley Broadcast Group, Inc, a radio broadcasting company, operates radio stations in the United States. As of February 11, 2019, it owned and operated 64 stations, including 46 FM and 18 AM stations in 15 large- and mid-size markets. The company was founded in 1961 and is headquartered in Naples, Florida.
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