Urban One, Inc. (NASDAQ:UONEK) CAO Sells $50,500.00 in Stock

Urban One, Inc. (NASDAQ:UONEK) CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Urban One Trading Up 2.0 %

Urban One stock traded up $0.02 during trading hours on Tuesday, reaching $1.01. The stock had a trading volume of 36,960 shares, compared to its average volume of 47,095. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The stock has a market cap of $48.38 million, a PE ratio of -0.58 and a beta of 0.56. Urban One, Inc. has a 52 week low of $0.92 and a 52 week high of $4.12. The company has a fifty day simple moving average of $1.05 and a 200-day simple moving average of $1.26.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Urban One, Inc. (NASDAQ:UONEK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% of the stock is owned by hedge funds and other 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.