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

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

Urban One Stock Down 6.5 %

Shares of NASDAQ UONEK opened at $0.85 on Friday. Urban One, Inc. has a 12 month low of $0.85 and a 12 month high of $3.96. The firm has a market capitalization of $40.77 million, a PE ratio of -0.50 and a beta of 0.57. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90. The firm has a fifty day simple moving average of $1.01 and a two-hundred day simple moving average of $1.17.

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

Institutional Investors Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Urban One, Inc. (NASDAQ:UONEK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,938 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other 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.