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 decrease in short interest in the month of April. As of April 15th, there was short interest totalling 30,600 shares, a decrease 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 shares of the stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Beasley Broadcast Group in a report on Wednesday, April 24th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Beasley Broadcast Group stock. Gamco Investors INC. ET AL grew its position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 730,450 shares of the company’s stock after purchasing an additional 23,900 shares during the quarter. Gamco Investors INC. ET AL owned 2.44% of Beasley Broadcast Group worth $636,000 as of its most recent filing with the SEC. 21.73% of the stock is owned by institutional investors and hedge funds.

Beasley Broadcast Group Stock Down 3.5 %

NASDAQ:BBGI traded down $0.03 on Monday, hitting $0.72. 51,593 shares of the stock were exchanged, compared to its average volume of 21,919. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a fifty day moving average of $0.80 and a 200-day moving average of $0.81. Beasley Broadcast Group has a fifty-two week low of $0.60 and a fifty-two week high of $1.28.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Monday, February 12th. The company reported ($0.13) earnings per share (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 company had revenue of $65.75 million during the quarter, compared to analyst estimates of $66.05 million. As a group, equities analysts expect that Beasley Broadcast Group will post -0.08 earnings per share for the current year.

Beasley Broadcast Group Company 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.