Mark S. Fowler Acquires 5,000 Shares of Beasley Broadcast Group Inc (BBGI) Stock

Beasley Broadcast Group Inc (NASDAQ:BBGI) Director Mark S. Fowler acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average cost of $6.95 per share, for a total transaction of $34,750.00. Following the transaction, the director now owns 39,199 shares of the company’s stock, valued at approximately $272,433.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of BBGI opened at $6.60 on Wednesday. The company has a market cap of $188.42 million, a P/E ratio of 10.22 and a beta of 0.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.35 and a current ratio of 2.35. Beasley Broadcast Group Inc has a twelve month low of $6.10 and a twelve month high of $14.40.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Friday, August 3rd. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $61.63 million for the quarter. Beasley Broadcast Group had a net margin of 33.09% and a return on equity of 8.35%.



BBGI has been the topic of several recent research reports. BidaskClub raised shares of Beasley Broadcast Group from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. ValuEngine lowered shares of Beasley Broadcast Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th.

A number of institutional investors and hedge funds have recently modified their holdings of BBGI. Bank of New York Mellon Corp bought a new position in Beasley Broadcast Group during the fourth quarter valued at approximately $543,000. Dimensional Fund Advisors LP raised its position in Beasley Broadcast Group by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 474,338 shares of the company’s stock valued at $5,360,000 after acquiring an additional 14,093 shares in the last quarter. Hartford Investment Management Co. bought a new position in Beasley Broadcast Group during the second quarter valued at approximately $156,000. ZPR Investment Management bought a new position in Beasley Broadcast Group during the first quarter valued at approximately $138,000. Finally, BlackRock Inc. raised its position in Beasley Broadcast Group by 3.3% during the fourth quarter. BlackRock Inc. now owns 293,224 shares of the company’s stock valued at $3,930,000 after acquiring an additional 9,410 shares in the last quarter. 14.99% of the stock is currently owned by hedge funds and other institutional investors.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc, a radio broadcasting company, operates radio stations in the United States. As of February 12, 2018, it owned and operated 63 stations, including 45 FM and 18 AM stations in 15 large- and mid-size markets. The company was founded in 1961 and is headquartered in Naples, Florida.

Recommended Story: Price to Earnings Ratio (PE) Basics

Receive News & Ratings for Beasley Broadcast Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beasley Broadcast Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply