Insider Selling: Urban One, Inc. (NASDAQ:UONEK) CEO Sells 70,350 Shares of Stock

Urban One, Inc. (NASDAQ:UONEK) 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 value of $68,943.00. Following the completion of the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Urban One Stock Up 1.1 %

Urban One stock traded up $0.01 during mid-day trading on Wednesday, reaching $0.91. 31,779 shares of the company’s stock were exchanged, compared to its average volume of 19,820. The company has a fifty day moving average of $1.01 and a 200-day moving average of $1.17. The company has a market cap of $43.59 million, a P/E ratio of -0.54 and a beta of 0.57. 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 twelve month low of $0.88 and a twelve month high of $3.96.

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

Institutional Trading of Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Urban One, Inc. (NASDAQ:UONEK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,938 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 19.70% of the company’s stock.

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.