Urban One, Inc. (NASDAQ:UONE) Sees Significant Increase in Short Interest

Urban One, Inc. (NASDAQ:UONE) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 62,100 shares, a growth of 41.1% from the February 28th total of 44,000 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is presently 2.6 days.

Urban One Stock Performance

Shares of Urban One stock opened at $1.44 on Monday. Urban One has a 1 year low of $1.23 and a 1 year high of $3.33. The firm’s 50-day moving average is $1.40 and its 200 day moving average is $1.51. The stock has a market cap of $68.98 million, a price-to-earnings ratio of -0.85 and a beta of 0.95. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91.

Urban One (NASDAQ:UONE) last issued its earnings results on Thursday, March 27th. The company reported ($0.78) earnings per share (EPS) for the quarter. The firm had revenue of $117.13 million during the quarter. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%.

Insider Buying and Selling

In other news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 32.61% of the stock is currently owned by company insiders.

Institutional Trading of Urban One

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its stake in Urban One by 501,907.1% during the 4th quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after acquiring an additional 70,267 shares during the period. Northern Trust Corp raised its holdings in shares of Urban One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after purchasing an additional 9,509 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Urban One by 9.4% during the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after purchasing an additional 7,923 shares during the last quarter. Institutional investors own 8.23% of the company’s stock.

Urban One Company Profile

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.