Radio One (NASDAQ:UONE) Insider Lemuel Deon Levingston Sells 5,646 Shares

Radio One, Inc. (NASDAQ:UONE) insider Lemuel Deon Levingston sold 5,646 shares of Radio One stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $4.15, for a total transaction of $23,430.90. Following the completion of the sale, the insider owned 1,600 shares in the company, valued at approximately $6,640. This represents a 77.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lemuel Deon Levingston also recently made the following trade(s):

• On Tuesday, August 11th, Lemuel Deon Levingston sold 2,891 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total transaction of $15,611.40.
• On Monday, August 10th, Lemuel Deon Levingston sold 88 shares of Radio One stock. The shares were sold at an average price of $5.40, for a total transaction of $475.20.
• On Friday, August 7th, Lemuel Deon Levingston sold 1,677 shares of Radio One stock. The shares were sold at an average price of $5.40, for a total value of $9,055.80.
• On Thursday, August 6th, Lemuel Deon Levingston sold 160 shares of Radio One stock. The shares were sold at an average price of $5.40, for a total value of $864.00.

Radio One Stock Performance

Shares of NASDAQ UONE traded down $0.07 during midday trading on Wednesday, hitting $4.84. 2,325 shares of the company’s stock were exchanged, compared to its average volume of 59,845. Radio One, Inc. has a twelve month low of $4.63 and a twelve month high of $18.50. The firm has a market cap of $22.31 million, a P/E ratio of -0.32 and a beta of 0.81. The stock’s 50 day moving average price is $5.06 and its 200-day moving average price is $6.50. The company has a debt-to-equity ratio of 20.77, a current ratio of 1.84 and a quick ratio of 1.84.

Radio One (NASDAQ:UONE) last posted its earnings results on Tuesday, August 4th. The company reported ($1.58) EPS for the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%. The business had revenue of $85.76 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Radio One

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Radio One by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 88,564 shares of the company’s stock worth $91,000 after purchasing an additional 3,294 shares during the period. Barclays PLC raised its stake in shares of Radio One by 11.5% in the 4th quarter. Barclays PLC now owns 78,410 shares of the company’s stock worth $81,000 after buying an additional 8,098 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Radio One in the 2nd quarter worth $84,000. Institutional investors own 8.23% of the company’s stock.

About Radio One

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.