Urban One, Inc. (NASDAQ:UONE) Director D Geoffrey Armstrong Sells 30,120 Shares of Stock

Urban One, Inc. (NASDAQ:UONEGet Rating) Director D Geoffrey Armstrong sold 30,120 shares of Urban One stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $6.05, for a total value of $182,226.00. Following the completion of the transaction, the director now owns 178,421 shares in the company, valued at $1,079,447.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of UONE stock opened at $9.40 on Friday. The business’s 50 day moving average is $7.11 and its two-hundred day moving average is $6.11. Urban One, Inc. has a twelve month low of $3.73 and a twelve month high of $24.16. The company has a market capitalization of $482.61 million, a P/E ratio of 9.40 and a beta of 0.79. The company has a current ratio of 3.27, a quick ratio of 2.94 and a debt-to-equity ratio of 3.03.

Urban One (NASDAQ:UONEGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported $0.12 earnings per share for the quarter. Urban One had a return on equity of 21.68% and a net margin of 11.83%. The firm had revenue of $130.97 million for the quarter.

Several institutional investors have recently bought and sold shares of UONE. Bank of America Corp DE purchased a new stake in shares of Urban One in the fourth quarter valued at approximately $1,223,000. Boundary Creek Advisors LP purchased a new stake in shares of Urban One in the first quarter valued at approximately $473,000. Stifel Financial Corp purchased a new stake in shares of Urban One in the fourth quarter valued at approximately $274,000. Renaissance Technologies LLC purchased a new stake in shares of Urban One in the fourth quarter valued at approximately $239,000. Finally, Dimensional Fund Advisors LP boosted its position in Urban One by 64.6% during the first quarter. Dimensional Fund Advisors LP now owns 115,580 shares of the company’s stock worth $722,000 after purchasing an additional 45,379 shares in the last quarter. Hedge funds and other institutional investors own 1.86% of the company’s stock.

About Urban One (Get Rating)

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.

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