Beasley Broadcast Group Inc (NASDAQ:BBGI) CEO Acquires $14,250.00 in Stock

Beasley Broadcast Group Inc (NASDAQ:BBGI) CEO Caroline Beasley acquired 5,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average cost of $2.85 per share, for a total transaction of $14,250.00. Following the completion of the transaction, the chief executive officer now owns 223,582 shares in the company, valued at approximately $637,208.70. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Shares of BBGI traded up $0.03 during midday trading on Tuesday, reaching $2.86. The stock had a trading volume of 100 shares, compared to its average volume of 26,693. The company has a market cap of $79.02 million, a price-to-earnings ratio of 10.90 and a beta of 1.04. The company’s fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $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 debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $66.12 million during the quarter. Beasley Broadcast Group had a net margin of 4.06% and a return on equity of 2.60%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teton Advisors Inc. raised its position in shares of Beasley Broadcast Group by 0.6% during the 3rd quarter. Teton Advisors Inc. now owns 902,000 shares of the company’s stock worth $2,796,000 after acquiring an additional 5,000 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Beasley Broadcast Group by 17.0% in the third 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. Gamco Investors INC. ET AL increased its stake in Beasley Broadcast Group by 1.5% in 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 purchasing an additional 16,800 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Beasley Broadcast Group during the second quarter worth approximately $89,000. Finally, Paloma Partners Management Co acquired a new stake in Beasley Broadcast Group during the second quarter worth approximately $114,000. Institutional investors and hedge funds own 18.62% of the company’s stock.

Beasley Broadcast Group Company Profile

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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