Urban One, Inc. (NASDAQ:UONE) Short Interest Update

Urban One, Inc. (NASDAQ:UONE) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 40,900 shares, a growth of 45.6% from the November 30th total of 28,100 shares. Based on an average daily volume of 62,000 shares, the short-interest ratio is currently 0.7 days.

Insider Transactions at Urban One

In other Urban One news, CFO Peter Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total value of $107,000.00. Following the completion of the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at $236,086.94. The trade was a 31.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David M. Kantor sold 350,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total transaction of $343,000.00. Following the completion of the sale, the chief executive officer now owns 8,061 shares of the company’s stock, valued at $7,899.78. This represents a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 509,210 shares of company stock valued at $510,355 in the last three months. Corporate insiders own 32.61% of the company’s stock.

Institutional Inflows and Outflows

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:UONE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

Urban One Stock Performance

NASDAQ:UONE traded up $0.05 during midday trading on Monday, reaching $1.54. The stock had a trading volume of 19,334 shares, compared to its average volume of 81,974. The stock has a market capitalization of $73.53 million, a P/E ratio of -0.90 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 has a 1-year low of $1.23 and a 1-year high of $4.20. The firm’s fifty day simple moving average is $1.51 and its 200-day simple moving average is $1.78.

Urban One (NASDAQ:UONE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 EPS 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 for the quarter.

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.