Urban One, Inc. (NASDAQ:UONE) Short Interest Up 41.1% in March

Urban One, Inc. (NASDAQ:UONE) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 62,100 shares, an increase of 41.1% from the February 28th total of 44,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is presently 2.6 days.

Insider Activity

In related news, CEO David M. Kantor sold 70,350 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at $7,899.78. This represents a 89.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 32.61% of the company’s stock.

Institutional Trading of Urban One

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in Urban One by 501,907.1% in the 4th quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after purchasing an additional 70,267 shares in the last quarter. Northern Trust Corp increased its position in shares of Urban One by 31.7% during the fourth quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock valued at $61,000 after buying an additional 9,509 shares during the period. Finally, Millennium Management LLC raised its stake in Urban One by 9.4% in the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after buying an additional 7,923 shares in the last quarter. Hedge funds and other institutional investors own 8.23% of the company’s stock.

Urban One Stock Performance

Shares of NASDAQ:UONE opened at $1.44 on Monday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The company has a market cap of $68.98 million, a price-to-earnings ratio of -0.85 and a beta of 0.95. Urban One has a 12 month low of $1.23 and a 12 month high of $3.33. The company has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.51.

Urban One (NASDAQ:UONE) last released its quarterly earnings results on Thursday, March 27th. The company reported ($0.78) EPS for the quarter. The business had revenue of $117.13 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 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.