Today’s Shorts Alert: What’s Propelling Beasley Broadcast Group Class A (NASDAQ:BBGI) After Lower Shorts Reported?

November 25, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Shorts Alert: What’s Propelling Beasley Broadcast Group Class A (NASDAQ:BBGI) After Lower Shorts Reported?

The stock of Beasley Broadcast Group Class A (NASDAQ:BBGI) registered a decrease of 6.93% in short interest. BBGI’s total short interest was 9,400 shares in November as published by FINRA. Its down 6.93% from 10,100 shares, reported previously. With 2,100 shares average volume, it will take short sellers 5 days to cover their BBGI’s short positions. The short interest to Beasley Broadcast Group Class A’s float is 0.2%. About 650 shares traded hands. Beasley Broadcast Group Inc (NASDAQ:BBGI) has risen 46.51% since April 22, 2016 and is uptrending. It has outperformed by 41.10% the S&P500.

Beasley Broadcast Group, Inc. is a radio broadcasting company. The company has a market cap of $155.63 million. The Company’s primary business is operating radio stations throughout the United States. It has a 13.63 P/E ratio. The Firm owns and operates approximately 69 radio stations in over 16 large- and mid-size markets in the United States.

Insitutional Activity: The institutional sentiment is 0.71 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 0 funds sold all Beasley Broadcast Group Inc shares owned while 7 reduced positions. only 1 funds bought stakes while 4 increased positions. They now own 3.69 million shares or 0.06% more from 3.69 million shares in 2016Q1.
Grt Ptnrs Ltd Co accumulated 0.02% or 14,394 shares. Morgan Stanley accumulated 814 shares or 0% of the stock. The New Jersey-based Blackrock Inv Mgmt Limited Liability has invested 0% in Beasley Broadcast Group Inc (NASDAQ:BBGI). Rbf Capital Ltd Company accumulated 0.03% or 32,469 shares. Northern Trust Corporation, a Illinois-based fund reported 14,051 shares. Manufacturers Life Insur The accumulated 0% or 127 shares. Invsts Advisory holds 0.02% or 19,113 shares in its portfolio. California Employees Retirement System last reported 0% of its portfolio in the stock. The California-based Wells Fargo And Mn has invested 0% in Beasley Broadcast Group Inc (NASDAQ:BBGI). Vanguard holds 0% or 141,712 shares in its portfolio. Advisory Ser Networks Limited Liability Co has invested 0% of its portfolio in Beasley Broadcast Group Inc (NASDAQ:BBGI). Moreover, Gamco Invsts Inc Et Al has 0.04% invested in Beasley Broadcast Group Inc (NASDAQ:BBGI) for 1.48 million shares. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 294,000 shares. Blackrock Advsrs Ltd Company has invested 0% of its portfolio in Beasley Broadcast Group Inc (NASDAQ:BBGI). Renaissance Tech Lc holds 0% of its portfolio in Beasley Broadcast Group Inc (NASDAQ:BBGI) for 35,700 shares.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 2 selling transactions for $4,560 net activity. The insider GAMCO INVESTORS – INC. ET AL sold $2,248.

BBGI Company Profile

Beasley Broadcast Group, Inc., incorporated on November 12, 1999, is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. The Firm owns and operates approximately 69 radio stations in over 16 large- and mid-size markets in the United States. The Firm operates in various radio markets, including Atlanta, Georgia; Augusta, Georgia; Boston, Massachusetts; Fayetteville, North Carolina; Fort Myers-Naples, Florida; Greenville-New Bern-Jacksonville, North Carolina; Las Vegas, Nevada; Philadelphia, Pennsylvania; Tampa-Saint Petersburg, Florida; West Palm Beach-Boca Raton, Florida; Wilmington, Delaware; Detroit, Michigan; Middlesex, New Jersey; Charlotte, North Carolina; Monmouth, New Jersey, and Morristown, New Jersey.

More news for Beasley Broadcast Group Inc (NASDAQ:BBGI) were recently published by: Globenewswire.com, which released: “Beasley Broadcast Group to Acquire Greater Media, Inc.” on July 19, 2016. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Ruchi Gupta

Tags: , ,


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>