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

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

Urban One Trading Down 3.3 %

Shares of UONE opened at $1.46 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $69.93 million, a price-to-earnings ratio of -0.86 and a beta of 1.04. The company has a 50-day moving average of $1.55 and a 200 day moving average of $1.73. Urban One, Inc. has a 1-year low of $1.23 and a 1-year high of $4.10.

Urban One (NASDAQ:UONE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share (EPS) 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%.

Hedge Funds Weigh In On Urban One

A hedge fund recently raised its stake in Urban One stock. Atlas Merchant Capital LLC grew its holdings in Urban One, Inc. (NASDAQ:UONE) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,000 shares of the company’s stock after purchasing an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned approximately 0.40% of Urban One worth $398,000 at the end of the most recent reporting period. Institutional investors own 8.23% 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.