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

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently raised its stake in Beasley Broadcast Group stock. Gamco Investors INC. ET AL lifted its holdings in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 730,450 shares of the company’s stock after purchasing an additional 23,900 shares during the period. Gamco Investors INC. ET AL owned about 2.44% of Beasley Broadcast Group worth $636,000 at the end of the most recent reporting period. 21.73% of the stock is currently owned by institutional investors.

Beasley Broadcast Group Stock Up 6.2 %

NASDAQ:BBGI traded up $0.04 during trading hours on Friday, hitting $0.74. 7,677 shares of the company traded hands, compared to its average volume of 31,106. The company has a market cap of $22.54 million, a PE 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. 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 firm’s 50-day simple moving average is $0.80 and its 200-day simple moving average is $0.81.

Beasley Broadcast Group (NASDAQ:BBGI) last released 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). The business had revenue of $65.75 million for 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%. Equities analysts predict 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.