Urban One, Inc. (NASDAQ:UONE) Short Interest Down 33.7% in January

Urban One, Inc. (NASDAQ:UONE) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 27,100 shares, a decrease of 33.7% from the December 31st total of 40,900 shares. Based on an average daily volume of 58,800 shares, the days-to-cover ratio is presently 0.5 days.

Insiders Place Their Bets

In other Urban One news, CFO Peter Thompson sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total transaction of $107,000.00. Following the transaction, the chief financial officer now owns 220,642 shares of the company’s stock, valued at $236,086.94. This trade represents a 31.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David M. Kantor sold 350,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $0.98, for a total transaction of $343,000.00. Following the sale, the chief executive officer now directly 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 have sold a total of 579,560 shares of company stock valued at $579,298 in the last quarter. 32.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Urban One, Inc. (NASDAQ:UONE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is owned by institutional investors.

Urban One Trading Down 0.7 %

UONE traded down $0.01 on Friday, reaching $1.38. 3,534 shares of the company’s stock were exchanged, compared to its average volume of 27,502. The company has a market cap of $66.10 million, a price-to-earnings ratio of -0.81 and a beta of 1.04. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. Urban One has a twelve month low of $1.23 and a twelve month high of $4.00. The company’s 50 day moving average is $1.54 and its 200-day moving average is $1.71.

Urban One (NASDAQ:UONE) last issued 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 company had revenue of $110.39 million for the quarter.

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.