Beasley Broadcast Group Inc (BBGI) Stake Lowered by UBS Oconnor LLC

UBS Oconnor LLC decreased its position in shares of Beasley Broadcast Group Inc (NASDAQ:BBGI) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,638 shares of the company’s stock after selling 84,362 shares during the quarter. UBS Oconnor LLC owned 0.51% of Beasley Broadcast Group worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in Beasley Broadcast Group during the 4th quarter valued at approximately $45,000. SG Americas Securities LLC acquired a new stake in Beasley Broadcast Group during the 4th quarter valued at approximately $50,000. Wells Fargo & Company MN increased its position in Beasley Broadcast Group by 119.0% during the 3rd quarter. Wells Fargo & Company MN now owns 23,734 shares of the company’s stock valued at $164,000 after purchasing an additional 12,895 shares during the period. Bank of America Corp DE increased its position in Beasley Broadcast Group by 6.0% during the 4th quarter. Bank of America Corp DE now owns 47,172 shares of the company’s stock valued at $177,000 after purchasing an additional 2,689 shares during the period. Finally, Geode Capital Management LLC increased its position in Beasley Broadcast Group by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 48,751 shares of the company’s stock valued at $182,000 after purchasing an additional 2,461 shares during the period. 22.09% of the stock is owned by institutional investors and hedge funds.

NASDAQ:BBGI remained flat at $$3.76 on Monday. 47,424 shares of the company’s stock were exchanged, compared to its average volume of 41,374. The firm has a market cap of $105.04 million, a P/E ratio of 15.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.46 and a quick ratio of 2.46. Beasley Broadcast Group Inc has a twelve month low of $3.25 and a twelve month high of $12.32.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Monday, February 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). The firm had revenue of $75.57 million for the quarter. Beasley Broadcast Group had a net margin of 2.52% and a return on equity of 2.38%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 29th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Thursday, March 28th.

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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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Institutional Ownership by Quarter for Beasley Broadcast Group (NASDAQ:BBGI)

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