Peter Thompson Sells 100,000 Shares of Urban One, Inc. (NASDAQ:UONEK) Stock

Urban One, Inc. (NASDAQ:UONEK) CFO Peter Thompson sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the transaction, the chief financial officer now owns 220,642 shares in the company, valued at approximately $236,086.94. This trade represents a 31.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peter Thompson also recently made the following trade(s):

• On Monday, September 23rd, Peter Thompson sold 200,000 shares of Urban One stock. The shares were sold at an average price of $1.23, for a total value of $246,000.00.

Urban One Stock Down 1.9 %

Shares of UONEK stock opened at $1.01 on Friday. The company has a market capitalization of $48.38 million, a price-to-earnings ratio of -0.59 and a beta of 0.56. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The stock’s 50 day simple moving average is $1.05 and its 200 day simple moving average is $1.26. Urban One, Inc. has a twelve month low of $0.92 and a twelve month high of $4.25.

Urban One (NASDAQ:UONEK) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. The company had revenue of $110.39 million for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Urban One, Inc. (NASDAQ:UONEK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% of the stock is owned by hedge funds and other institutional investors.

About Urban One

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.