David M. Kantor Sells 70,350 Shares of Urban One, Inc. (NASDAQ:UONE) Stock

Urban One, Inc. (NASDAQ:UONE) CEO David M. Kantor sold 70,350 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This represents a 89.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Urban One Price Performance

UONE stock opened at $1.50 on Thursday. The firm has a 50 day moving average of $1.56 and a 200-day moving average of $1.74. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One, Inc. has a 12-month low of $1.23 and a 12-month high of $4.10.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 8.23% of the company’s stock.

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.