Denali Advisors LLC Trims Holdings in Urban One, Inc. (NASDAQ:UONEK)

Denali Advisors LLC lowered its stake in shares of Urban One, Inc. (NASDAQ:UONEK) by 46.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,600 shares of the company’s stock after selling 12,000 shares during the quarter. Denali Advisors LLC’s holdings in Urban One were worth $28,000 at the end of the most recent quarter.

Separately, Zazove Associates LLC increased its stake in shares of Urban One by 0.4% during the 4th quarter. Zazove Associates LLC now owns 2,464,165 shares of the company’s stock valued at $8,699,000 after acquiring an additional 10,000 shares during the last quarter. 19.70% of the stock is currently owned by institutional investors.

Urban One Trading Up 5.0 %

UONEK traded up $0.07 on Wednesday, reaching $1.46. 14,471 shares of the company’s stock were exchanged, compared to its average volume of 65,116. The company’s 50 day moving average is $1.61 and its 200-day moving average is $2.44. The company has a market cap of $72.52 million, a price-to-earnings ratio of 8.18 and a beta of 0.61. Urban One, Inc. has a twelve month low of $1.38 and a twelve month high of $6.18. The company has a debt-to-equity ratio of 2.25, a quick ratio of 2.95 and a current ratio of 2.95.

Urban One (NASDAQ:UONEK) last released its quarterly earnings results on Friday, June 7th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $104.41 million during the quarter. Urban One had a return on equity of 34.66% and a net margin of 2.64%.

Urban One 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.