Urban One (NASDAQ:UONE) Issues Earnings Results

Urban One (NASDAQ:UONE) posted its quarterly earnings results on Tuesday. The company reported $0.31 EPS for the quarter, reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The company had revenue of $110.39 million during the quarter.

Urban One Price Performance

Shares of UONE opened at $1.41 on Friday. Urban One has a 52-week low of $1.23 and a 52-week high of $4.55. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The stock has a 50 day moving average price of $1.63 and a 200 day moving average price of $1.92.

Insider Transactions at Urban One

In other Urban One news, CFO Peter Thompson sold 200,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the transaction, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at approximately $394,389.66. The trade was a 38.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 32.61% of the company’s stock.

Institutional Investors Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC grew its stake in Urban One, Inc. (NASDAQ:UONE) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after acquiring an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned about 0.40% of Urban One worth $398,000 at the end of the most recent quarter. Hedge funds and other 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.