Urban One, Inc. (NASDAQ:UONE) CEO Sells $343,000.00 in Stock

Urban One, Inc. (NASDAQ:UONE) CEO David M. Kantor sold 350,000 shares of Urban One stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total transaction of $343,000.00. Following the sale, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This represents a 97.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Urban One Stock Up 8.5 %

Shares of UONE stock traded up $0.14 on Monday, hitting $1.79. The stock had a trading volume of 48,808 shares, compared to its average volume of 85,940. Urban One, Inc. has a 52-week low of $1.23 and a 52-week high of $4.37. The firm has a market capitalization of $85.74 million, a price-to-earnings ratio of -0.97 and a beta of 0.92. 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 moving average is $1.52 and its 200-day moving average is $1.87.

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

Hedge Funds Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Urban One, Inc. (NASDAQ:UONE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,801 shares of the company’s stock, valued at approximately $27,000. 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.