Urban One, Inc. (NASDAQ:UONE) CAO Sells 50,000 Shares of Stock

Urban One, Inc. (NASDAQ:UONE) CAO Karen Wishart sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 41,278 shares of the company’s stock, valued at $41,690.78. The trade was a 54.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Urban One Stock Up 5.6 %

NASDAQ:UONE traded up $0.09 during mid-day trading on Tuesday, reaching $1.69. The stock had a trading volume of 37,492 shares, compared to its average volume of 83,899. The stock’s 50 day simple moving average is $1.49 and its two-hundred day simple moving average is $1.83. Urban One, Inc. has a 1-year low of $1.23 and a 1-year high of $4.29. The company has a market capitalization of $80.96 million, a price-to-earnings ratio of -0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91.

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

Institutional Trading of Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC increased its holdings in shares of Urban One, Inc. (NASDAQ:UONE) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,000 shares of the company’s stock after acquiring an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned approximately 0.40% of Urban One worth $398,000 at the end of the most recent quarter. 8.23% of the stock is currently owned by institutional investors and hedge funds.

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.