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

Urban One, Inc. (NASDAQ:UONEK) CEO David M. Kantor sold 350,000 shares of Urban One stock in a transaction dated 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 directly owns 8,061 shares in the company, valued at $7,899.78. The trade was a 97.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Urban One Stock Performance

UONEK stock opened at $1.05 on Wednesday. The company has a fifty day moving average price of $1.05 and a 200-day moving average price of $1.30. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One, Inc. has a 52-week low of $0.92 and a 52-week high of $4.36.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Urban One, Inc. (NASDAQ:UONEK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,938 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds 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.