Beasley Broadcast Group (NASDAQ:BBGI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Beasley Broadcast Group (BBGI) opened at $11.65 on Friday. The firm has a market cap of $335.36, a P/E ratio of 5.30 and a beta of 0.77. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.95. Beasley Broadcast Group has a 1 year low of $6.90 and a 1 year high of $18.19.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Monday, October 30th. The company reported $0.22 earnings per share for the quarter. Beasley Broadcast Group had a net margin of 25.94% and a return on equity of 12.35%.

Institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new position in shares of Beasley Broadcast Group in the second quarter worth approximately $105,000. SG Americas Securities LLC purchased a new position in shares of Beasley Broadcast Group in the third quarter worth approximately $114,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Beasley Broadcast Group in the second quarter worth approximately $173,000. State Street Corp purchased a new position in shares of Beasley Broadcast Group in the second quarter worth approximately $416,000. Finally, Northern Trust Corp increased 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 worth $552,000 after acquiring an additional 42,419 shares in the last quarter. 14.68% of the stock is currently owned by institutional investors and hedge funds.

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About Beasley Broadcast Group

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.

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