Institutional Investors Are Selling Beasley Broadcast Group Inc (NASDAQ:BBGI)

September 16, 2018 - By Michele Cranor

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Logo

Sentiment for Beasley Broadcast Group Inc (NASDAQ:BBGI)

Beasley Broadcast Group Inc (NASDAQ:BBGI) institutional sentiment decreased to 1.13 in 2018 Q2. Its down -0.07, from 1.2 in 2018Q1. The ratio dropped, as 17 hedge funds increased or started new equity positions, while 15 reduced and sold stakes in Beasley Broadcast Group Inc. The hedge funds in our partner’s database now hold: 4.08 million shares, down from 4.12 million shares in 2018Q1. Also, the number of hedge funds holding Beasley Broadcast Group Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 11 Increased: 12 New Position: 5.

Beasley Broadcast Group, Inc., a radio broadcasting company, operates radio stations in the United States. The company has market cap of $193.93 million. As of March 21, 2017, it owned and operated 63 stations, including 45 FM and 18 AM stations located in 15 large- and mid-size markets. It has a 2.52 P/E ratio.

The stock increased 2.17% or $0.15 during the last trading session, reaching $7.05. About 30,925 shares traded. Beasley Broadcast Group, Inc. (NASDAQ:BBGI) has declined 36.04% since September 16, 2017 and is downtrending. It has underperformed by 51.66% the S&P500.

Teton Advisors Inc. holds 0.72% of its portfolio in Beasley Broadcast Group, Inc. for 720,000 shares. Zpr Investment Management owns 12,256 shares or 0.18% of their US portfolio. Moreover, Gamco Investors Inc. Et Al has 0.08% invested in the company for 1.06 million shares. The California-based Rbf Capital Llc has invested 0.04% in the stock. Gabelli Funds Llc, a New York-based fund reported 248,000 shares.

Since January 1, 0001, it had 1 buying transaction, and 7 sales for $42.40 million activity.

More news for Beasley Broadcast Group, Inc. (NASDAQ:BBGI) were recently published by: Bizjournals.com, which released: “KYW taps NY radio executive to replace longtime program director” on September 04, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For August 29, 2018” and published on August 29, 2018 is yet another important article.

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) Institutional Positions Chart

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