Beasley Broadcast Group (NASDAQ:BBGI) Director Joe B. Cox sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.11, for a total transaction of $36,440.00. Following the sale, the director now directly owns 5,500 shares in the company, valued at approximately $50,105. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Beasley Broadcast Group (NASDAQ:BBGI) traded down 0.87% during mid-day trading on Wednesday, hitting $9.11. 337 shares of the company’s stock traded hands. Beasley Broadcast Group has a 52 week low of $4.69 and a 52 week high of $10.00. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $8.40. The company has a market cap of $209.1 million and a P/E ratio of 18.09.
Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings data on Thursday, January 30th. The company reported $0.16 EPS for the quarter. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.40 million.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Beasley Broadcast Group from a “buy” rating to a “hold” rating in a research note to investors on Monday.
Beasley Broadcast Group, Inc is a radio broadcasting company. The Company is engaged the primary business of operating radio stations throughout the United States.
This article (Insider Selling: Beasley Broadcast Group Director Unloads 4,000 Shares of Stock (BBGI)) was originally developed by and is property of American Banking News.
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