Karen Wishart Sells 50,000 Shares of Urban One, Inc. (NASDAQ:UONE) Stock

Urban One, Inc. (NASDAQ:UONE) CAO Karen Wishart sold 50,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.01, for a total value of $50,500.00. Following the sale, the chief accounting officer now owns 41,278 shares in the company, valued at approximately $41,690.78. The trade was a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Urban One Stock Performance

NASDAQ:UONE opened at $1.58 on Friday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. Urban One, Inc. has a 52-week low of $1.23 and a 52-week high of $4.29. The firm has a market cap of $75.69 million, a price-to-earnings ratio of -0.93 and a beta of 0.95. The business’s fifty day moving average is $1.50 and its 200 day moving average is $1.82.

Urban One (NASDAQ:UONE) last released its quarterly earnings data 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 company 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 its most recent 13F filing with the SEC. The institutional investor bought 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is owned by institutional investors.

About Urban One

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.