BidaskClub upgraded shares of Beasley Broadcast Group (NASDAQ:BBGI) from a hold rating to a buy rating in a research report report published on Thursday morning.
Beasley Broadcast Group (NASDAQ BBGI) opened at $12.90 on Thursday. The stock has a market capitalization of $371.34, a P/E ratio of 13.44 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 twelve month low of $5.70 and a twelve month high of $18.19.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 29th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 28th. Beasley Broadcast Group’s payout ratio is currently 8.18%.
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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.
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