Urban One, Inc. (NASDAQ:UONEK) CEO Sells $68,943.00 in Stock

Urban One, Inc. (NASDAQ:UONEK) CEO David M. Kantor sold 70,350 shares of Urban One 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 transaction, the chief executive officer now owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Urban One Price Performance

Shares of NASDAQ UONEK traded up $0.01 during mid-day trading on Wednesday, hitting $0.91. 31,779 shares of the company’s stock traded hands, compared to its average volume of 19,820. The company has a market capitalization of $43.59 million, a P/E ratio of -0.54 and a beta of 0.57. 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 company’s 50-day moving average is $1.01 and its two-hundred day moving average is $1.17. Urban One, Inc. has a 1 year low of $0.88 and a 1 year high of $3.96.

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

Hedge Funds Weigh In On Urban One

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