Beasley Broadcast Group (NASDAQ:BBGI) released its earnings results on Monday. The company reported $0.50 earnings per share for the quarter, Morningstar.com reports. Beasley Broadcast Group had a net margin of 25.94% and a return on equity of 12.35%. The firm had revenue of $58.52 million for the quarter.

Beasley Broadcast Group (NASDAQ:BBGI) traded up $0.65 during midday trading on Tuesday, hitting $12.65. 51,400 shares of the stock traded hands, compared to its average volume of 14,005. Beasley Broadcast Group has a one year low of $7.75 and a one year high of $18.19. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $345.43, a price-to-earnings ratio of 5.75 and a beta of 0.67.

Separately, BidaskClub lowered shares of Beasley Broadcast Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th.

Several hedge funds and other institutional investors have recently bought and sold shares of BBGI. State Street Corp bought a new stake in shares of Beasley Broadcast Group in the second quarter valued at approximately $416,000. Northern Trust Corp raised its position in shares of Beasley Broadcast Group by 302.9% in the second quarter. Northern Trust Corp now owns 56,422 shares of the company’s stock valued at $552,000 after purchasing an additional 42,419 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Beasley Broadcast Group in the fourth quarter valued at approximately $543,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Beasley Broadcast Group in the second quarter valued at approximately $173,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Beasley Broadcast Group by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 433,048 shares of the company’s stock valued at $4,244,000 after purchasing an additional 14,339 shares during the period. 14.38% of the stock is currently owned by institutional investors.

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Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. As of December 31, 2016, the Company owned and operated 63 radio stations in various radio markets, Atlanta and Augusta in Georgia; Boston, Massachusetts; Charlotte, North Carolina; Detroit, Michigan; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Las Vegas, Nevada; Middlesex, New Jersey; Monmouth, New Jersey; Morristown, New Jersey; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida, and Wilmington, Delaware.

Earnings History for Beasley Broadcast Group (NASDAQ:BBGI)

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