Beasley investors Gabelli and Gamco buy more shares

By Lisa Kerner

Charlotte, N.C., Dec. 31 - Investors led by Gabelli Funds, LLC and Gamco Asset Management, Inc. increased their ownership of Beasley Broadcast Group, Inc. to 16.75% from 14.97% with the purchase of an additional 66,997 shares of the company's stock.

The shares were purchased between Nov. 15 and Dec. 27, priced from $4.90 to $7.25 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 1,189,365 shares of the Naples, Fla., radio station operator's outstanding stock.

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