David M. Kantor Sells 70,350 Shares of Urban One, Inc. (NASDAQ:UONE) Stock

Urban One, Inc. (NASDAQ:UONE) CEO David M. Kantor sold 70,350 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website.

Urban One Stock Up 0.7 %

UONE opened at $1.51 on Friday. Urban One, Inc. has a 1 year low of $1.23 and a 1 year high of $4.10. The company has a market cap of $72.33 million, a PE ratio of -0.89 and a beta of 1.04. 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 firm has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.73.

Urban One (NASDAQ:UONE) last released its earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share for the quarter. 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.

Institutional Trading of Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is currently owned by institutional investors and hedge funds.

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.