Peter Thompson Sells 200,000 Shares of Urban One, Inc. (NASDAQ:UONE) Stock

Urban One, Inc. (NASDAQ:UONE) CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Urban One Stock Down 4.2 %

Shares of NASDAQ:UONE opened at $1.82 on Friday. The company’s fifty day moving average is $2.04 and its 200-day moving average is $2.11. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77. Urban One, Inc. has a 52 week low of $1.67 and a 52 week high of $6.05. The company has a market capitalization of $90.40 million, a PE ratio of 10.71 and a beta of 0.87.

Urban One (NASDAQ:UONE) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $117.74 million during the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 8.23% of the company’s stock.

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.