Revenue Update on Beasley Broadcast Group Inc(NASDAQ:BBGI)

Beasley Broadcast Group Inc(NASDAQ:BBGI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.25.

Beasley Broadcast Group Inc (BBGI) made into the market gainers list on Fridays trading session with the shares advancing 1.65% or 0.2 points. Due to strong positive momentum, the stock ended at $12.3, which is also near the day’s high of $12.4. The stock began the session at $12.05 and the volume stood at 8,945 shares. The 52-week high of the shares is $12.9778 and the 52 week low is $3.51. The company has a current market capitalization of $355 M and it has 2,88,29,660 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, Joe B Cox (director) sold 5,800 shares at $3.21 per share price.

Beasley Broadcast Group Inc. is a radio broadcasting company. The Company’s primary business is operating radio stations throughout the United States. The Company owns and operates 53 radio stations in Atlanta Georgia; Augusta Georgia; Boston Massachusetts; Charlotte NC 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 and Wilmington Delaware. The Company through its radio stations offers music news information and entertainment to over 7.7 million listeners weekly in 12 radio markets across the United States. The Company leases radio towers for 23 radio stations under separate lease agreements from Beasley Family Towers LLC.

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