Urban One (NASDAQ:UONE) Announces Quarterly Earnings Results

Posted by Andrew Walz on Nov 15th, 2024

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

Urban One Price Performance

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

Insider Buying and Selling

In other Urban One news, CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction that occurred 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 owns 320,642 shares in the company, valued at approximately $394,389.66. The trade was a 38.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 32.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Urban One

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

About Urban One

(Get Free Report)

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.