Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Short Interest Update

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 113,363 shares, a growth of 115.4% from the November 30th total of 52,634 shares. Approximately 13.3% of the company’s stock are short sold. Based on an average trading volume of 4,492,628 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 4,492,628 shares, the days-to-cover ratio is currently 0.0 days. Approximately 13.3% of the company’s stock are short sold.

Institutional Trading of Beasley Broadcast Group

Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new stake in Beasley Broadcast Group during the third quarter valued at approximately $85,000. Gamco Investors INC. ET AL grew its holdings in Beasley Broadcast Group by 22.3% in the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock worth $296,000 after purchasing an additional 10,238 shares during the last quarter. Finally, Osaic Holdings Inc. acquired a new position in shares of Beasley Broadcast Group during the second quarter worth $83,000. 21.73% of the stock is currently owned by institutional investors.

Beasley Broadcast Group Stock Up 1.0%

Shares of NASDAQ BBGI opened at $5.03 on Friday. The stock has a market capitalization of $9.05 million, a PE ratio of -1.06 and a beta of 0.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.68. Beasley Broadcast Group has a 12-month low of $3.67 and a 12-month high of $26.37. The stock’s fifty day simple moving average is $5.13 and its two-hundred day simple moving average is $4.89.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($1.97) earnings per share for the quarter. Beasley Broadcast Group had a negative return on equity of 2.59% and a negative net margin of 3.84%.The company had revenue of $50.98 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Beasley Broadcast Group in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Beasley Broadcast Group presently has a consensus rating of “Sell”.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.