Sign up Australia
Proactive Investors - Run By Investors For Investors

Small-Cap Snapshot: Beasley Broadcast shares sink after announcing proposed stock sale

The radio broadcaster announced an offering of more than 1.3 million shares of its common stock
Small-Cap Snapshot: Beasley Broadcast shares sink after announcing proposed stock sale
The company recently acquired Philadelphia’s WXTU-FM in a US$38mln deal

Beasley Broadcast Group Inc (NASDAQ:BBGI) shares dipped after announcing a proposed sale of its common stock. The radio broadcaster will offer more than 1.3 million shares for an undisclosed price. The company recently acquired Philadelphia’s WXTU-FM in a US$38mln deal.

Shares of the Florida-based company fell nearly 14% to US$9.15.

LifePoint Health Inc (NASDAQ:LPNT) is a top gainer after private equity firm Apollo Global Management agreed to buy the hospital operator in a US$5.6bn deal. LifePoint shareholders will receive US$65 per share in cash. The deal will mesh LifePoint and Apollo’s RCCH HealthCare Partners, renaming the combined company LifePoint Health.

Shares of the Tennessee-based company jumped nearly 35% to US$64.25 in Monday morning trading.

Dover Downs Gaming & Entertainment Inc (NASDAQ:DDE) shareholders hit the jackpot. The casino company announced a merger with Twin River Worldwide Holdings. The Delaware-based hotel features a 165,000 square foot casino complex with over 500 slot machines and a race track.

Shares soared more than 50% to US$3.07.

PetMed Express Inc (NASDAQ:PETS) shares were in the doghouse following a disappointing first quarter. The online pet pharmacy reported earnings of US$0.62 per share compared with consensus estimates of US$0.64 EPS. Sales of US$87.4mln did beat Wall Street estimates of US$85.7mln.

Shares of the Florida-based company fell more than 13% to US$34.92.

The Russell 2000 small-cap index was down slightly in Monday morning trading.

View full PETS profile View Profile

PetMed Express Timeline

Related Articles

H&T Pawnbrokers store
July 02 2018
Last year the company saw gross profits jump 45% thanks to a booming personal loan book and robust sales of luxury second-hand watches and jewellery.
Flying Brands
July 17 2018
“We look forward to the future with confidence and excitement," said Flying Brands boss Trevor Brown.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use