David M. Kantor Sells 350,000 Shares of Urban One, Inc. (NASDAQ:UONE) Stock

Urban One, Inc. (NASDAQ:UONE) CEO David M. Kantor sold 350,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total transaction of $343,000.00. Following the transaction, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This represents a 97.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Urban One Trading Up 8.5 %

Shares of UONE traded up $0.14 during trading hours on Monday, hitting $1.79. The stock had a trading volume of 48,808 shares, compared to its average volume of 85,940. Urban One, Inc. has a 12-month low of $1.23 and a 12-month high of $4.37. The firm has a market cap of $85.74 million, a P/E ratio of -0.97 and a beta of 0.92. 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 company’s fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.87.

Urban One (NASDAQ:UONE) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 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.

Institutional Inflows and Outflows

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

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.