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

Urban One, Inc. (NASDAQ:UONEK) CEO David M. Kantor sold 350,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total value of $343,000.00. Following the sale, the chief executive officer now owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. The trade was a 97.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Urban One Price Performance

UONEK stock traded up $0.07 during midday trading on Monday, reaching $1.09. The company had a trading volume of 23,060 shares, compared to its average volume of 47,625. Urban One, Inc. has a 1-year low of $0.92 and a 1-year high of $4.36. The stock has a 50 day moving average price of $1.06 and a 200-day moving average price of $1.31. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The company has a market capitalization of $52.21 million, a price-to-earnings ratio of -0.64 and a beta of 0.56.

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

Institutional Trading of Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Urban One, Inc. (NASDAQ:UONEK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,938 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 19.70% 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.