News stories about Beasley Broadcast Group (NASDAQ:BBGI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Beasley Broadcast Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.6716220385675 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have issued reports on the stock. ValuEngine cut shares of Beasley Broadcast Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. BidaskClub cut shares of Beasley Broadcast Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. Finally, Guggenheim assumed coverage on shares of Beasley Broadcast Group in a research report on Wednesday, August 29th. They issued a “buy” rating and a $8.50 price objective for the company.
Beasley Broadcast Group stock traded up $0.05 during trading hours on Wednesday, hitting $7.80. The company had a trading volume of 155,100 shares, compared to its average volume of 36,409. The stock has a market cap of $207.67 million, a price-to-earnings ratio of 11.27 and a beta of 0.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.35 and a quick ratio of 2.35. Beasley Broadcast Group has a 1 year low of $6.00 and a 1 year high of $14.40.
Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $61.63 million during the quarter. Beasley Broadcast Group had a net margin of 33.09% and a return on equity of 8.35%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Friday, September 28th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.20 annualized dividend and a yield of 2.56%.
In other Beasley Broadcast Group news, insider Stephanie L. Bordes sold 439,425 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $7.05, for a total value of $3,097,946.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cristina Bordes sold 1,954,748 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $7.05, for a total transaction of $13,780,973.40. The disclosure for this sale can be found here. 61.60% of the stock is owned by insiders.
Beasley Broadcast Group Company Profile
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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