SEC Reporting: Learn Why Mario Gabelli’s Gamco Investors, Inc Et Al Just Purchased Beasley Broadcast Group Inc Stake?

SEC Reporting: Learn Why Mario Gabelli's Gamco Investors, Inc Et Al Just Purchased Beasley Broadcast Group Inc Stake?

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Beasley Broadcast Group Inc

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Beasley Broadcast Group Inc. The form can be accessed here: 000080724916000480. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 11.94% or 1,446,015 shares of the Consumer Discretionary–company.

Beasley Broadcast Group Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 9, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Beasley Broadcast Group Inc Institutional Sentiment

Latest Security and Exchange filings show 24 investors own Beasley Broadcast Group Inc. The institutional ownership in Q3 2015 is low, at 124.57% of the outstanding shares. This is increased by 4568504 the total institutional shares. 8283936 were the shares owned by these institutional investors. In total 1 funds opened new Beasley Broadcast Group Inc stakes, 5 increased stakes. There were 0 that closed positions and 3 reduced them.

Investors Capital Advisory Services is an institutional investor bullish on Beasley Broadcast Group Inc, owning 19113 shares as of Q3 2015 for 0.01% of its portfolio. Mario Gabelli Gamco Investors Inc Et Al owns 1474034 shares or 0.04% of its portfolio. CA Denali Advisors Llc have less than 0.01% of their stock portfolio for 300 shares. Further, Rbf Capital Llc reported stake worth 0.03% of its US stock portfolio. The NY Teton Advisors Inc owns 725800 shares. Beasley Broadcast Group Inc is 0.22% of the manager’s US portfolio.

Business Profile

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 approximately 69 radio stations in over 16 large- and mid-size markets in the United States. The Company 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; Charlotte, North Carolina; Detroit, Michigan; Middlesex, New Jersey; Monmouth, New Jersey, and Morristown, New Jersey. The Company serves approximately 20.1 million consumers weekly over-the-air, online and on smartphones and tablets. The Company refers to each group of radio stations in each radio market as a market cluster.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 1.29, from 2 in 2016Q1. The ratio is negative, as 0 funds sold all Beasley Broadcast Group Inc shares owned while 7 reduced positions. 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.

Renaissance Technology Limited Liability Corp accumulated 35,700 shares or 0% of the stock. Gamco Inc Et Al last reported 0.04% of its portfolio in the stock. Bridgeway Capital Mgmt accumulated 28,125 shares or 0% of the stock. Rbf Cap Ltd last reported 0.03% of its portfolio in the stock. Gabelli Funds Ltd Co last reported 0.01% of its portfolio in the stock. The California-based Denali Advisors Llc has invested 0% in Beasley Broadcast Group Inc (NASDAQ:BBGI). Dimensional Fund Limited Partnership has 405,910 shares for 0% of their US portfolio. Blackrock Institutional Tru Com Na has invested 0% of its portfolio in Beasley Broadcast Group Inc (NASDAQ:BBGI). The New York-based Jpmorgan Chase And has invested 0% in Beasley Broadcast Group Inc (NASDAQ:BBGI). Manufacturers Life Insur Com The holds 0% of its portfolio in Beasley Broadcast Group Inc (NASDAQ:BBGI) for 127 shares. Blackrock Fund Advisors holds 15,897 shares or 0% of its portfolio. Northern Tru Corporation last reported 14,051 shares in the company. Grt Partners Llc last reported 0.02% of its portfolio in the stock. Goldman Sachs Grp Inc has 0% invested in the company for 23,277 shares. Wells Fargo & Com Mn holds 20,000 shares or 0% of its portfolio.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 2 sales for $4,560 net activity. GAMCO INVESTORS – INC. ET AL had sold 400 shares worth $2,248 on Monday, July 25.

It is up 33.25% since April 13, 2016 and is uptrending. It has outperformed by 29.32% the S&P500.

Beasley Broadcast Group, Inc. is a radio broadcasting company. The company has a market cap of $139.78 million. The Company’s primary business is operating radio stations throughout the United States. It has a 12.61 P/E ratio. The Firm owns and operates approximately 69 radio stations in over 16 large- and mid-size markets in the United States.

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

According to Zacks Investment Research, “Beasley Broadcast Group is one of the largest radio broadcasting company’s in the United States. The company’s stations are located in large and midsized markets in the eastern United States. The radio stations program a variety of formats, including urban, contemporary hit radio and country, which target the demographic groups in each market that the company considers the most attractive to the advertisers.”

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.

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