Beasley Broadcast Group (NASDAQ:BBGI) Director Mark S. Fowler sold 5,505 shares of the company’s stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $10.78, for a total value of $59,343.90. Following the sale, the director now owns 34,199 shares of the company’s stock, valued at $368,665.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ:BBGI remained flat at $$11.10 on Monday. The company’s stock had a trading volume of 4,138 shares, compared to its average volume of 13,631. The firm has a market capitalization of $305.26 million, a price-to-earnings ratio of 16.57 and a beta of 0.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.30 and a quick ratio of 2.30. Beasley Broadcast Group has a 12 month low of $8.25 and a 12 month high of $14.40.
Get Beasley Broadcast Group alerts:Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Monday, May 7th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $55.15 million for the quarter. Beasley Broadcast Group had a return on equity of 7.56% and a net margin of 32.74%.
Hedge funds and other institutional investors have recently modified their holdings of the company. ZPR Investment Management purchased a new stake in shares of Beasley Broadcast Group in the first quarter worth about $138,000. AXA boosted its position in shares of Beasley Broadcast Group by 113.6% in the fourth quarter. AXA now owns 25,011 shares of the company’s stock worth $335,000 after buying an additional 13,300 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Beasley Broadcast Group in the fourth quarter worth about $543,000. BlackRock Inc. boosted its position in shares of Beasley Broadcast Group by 3.3% in the fourth quarter. BlackRock Inc. now owns 293,224 shares of the company’s stock worth $3,930,000 after buying an additional 9,410 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Beasley Broadcast Group by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 442,771 shares of the company’s stock worth $5,180,000 after buying an additional 9,723 shares during the period. 14.23% of the stock is owned by institutional investors.
Separately, BidaskClub lowered Beasley Broadcast Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th.
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.
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