Teton Advisors Inc. Has $167,000 Stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI)

Teton Advisors Inc. decreased its holdings in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,000 shares of the company’s stock after selling 63,300 shares during the quarter. Teton Advisors Inc.’s holdings in Beasley Broadcast Group were worth $167,000 at the end of the most recent quarter.

Separately, Gamco Investors INC. ET AL boosted its stake in Beasley Broadcast Group by 3.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 730,450 shares of the company’s stock worth $636,000 after acquiring an additional 23,900 shares during the last quarter. Hedge funds and other institutional investors own 21.73% of the company’s stock.

Beasley Broadcast Group Price Performance

BBGI remained flat at $0.72 during trading on Thursday. 972 shares of the company’s stock were exchanged, compared to its average volume of 22,136. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.79 and a current ratio of 1.79. Beasley Broadcast Group, Inc. has a 1 year low of $0.60 and a 1 year high of $1.28. The company’s 50 day moving average price is $0.79 and its two-hundred day moving average price is $0.81. The stock has a market capitalization of $21.84 million, a P/E ratio of -0.28 and a beta of 1.03.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Monday, February 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Beasley Broadcast Group had a negative net margin of 30.40% and a negative return on equity of 3.99%. The company had revenue of $65.75 million during the quarter, compared to the consensus estimate of $66.05 million. As a group, sell-side analysts predict that Beasley Broadcast Group, Inc. will post -0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a research note on Thursday. They set a “hold” rating on the stock.

Beasley Broadcast Group Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.