Beasley Broadcast Group Inc (NASDAQ:BBGI) Director Mark S. Fowler bought 5,000 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average cost of $6.95 per share, with a total value of $34,750.00. Following the purchase, the director now directly owns 39,199 shares of the company’s stock, valued at $272,433.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ BBGI traded down $0.15 during mid-day trading on Thursday, reaching $6.10. 41,405 shares of the stock were exchanged, compared to its average volume of 31,530. Beasley Broadcast Group Inc has a one year low of $6.10 and a one year high of $14.40. The company has a market capitalization of $188.42 million, a PE ratio of 10.22 and a beta of 0.55. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.77.
Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Friday, August 3rd. The company reported $0.18 earnings per share for the quarter. Beasley Broadcast Group had a net margin of 33.09% and a return on equity of 8.35%. The business had revenue of $61.63 million during the quarter.
A number of brokerages recently weighed in on BBGI. ValuEngine downgraded shares of Beasley Broadcast Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. BidaskClub downgraded shares of Beasley Broadcast Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th.
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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