Urban One, Inc. (NASDAQ:UONE) Sees Large Growth in Short Interest

Urban One, Inc. (NASDAQ:UONE) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 62,100 shares, an increase of 41.1% from the February 28th total of 44,000 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 2.6 days. Currently, 0.2% of the shares of the company are sold short.

Insider Activity

In other news, CEO David M. Kantor sold 70,350 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at $7,899.78. This trade represents a 89.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 32.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Urban One

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its holdings in shares of Urban One by 9.4% in the 4th quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock valued at $142,000 after acquiring an additional 7,923 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Urban One by 31.7% in the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after purchasing an additional 9,509 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Urban One by 501,907.1% during the 4th quarter. Barclays PLC now owns 70,281 shares of the company’s stock valued at $108,000 after purchasing an additional 70,267 shares during the last quarter. Institutional investors own 8.23% of the company’s stock.

Urban One Stock Performance

NASDAQ UONE opened at $1.44 on Tuesday. The firm has a market cap of $68.98 million, a P/E ratio of -0.85 and a beta of 0.95. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The company’s 50 day moving average is $1.40 and its 200-day moving average is $1.51. Urban One has a 12-month low of $1.23 and a 12-month high of $3.33.

Urban One (NASDAQ:UONE) last issued its quarterly earnings data on Thursday, March 27th. The company reported ($0.78) earnings per share (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 $117.13 million for the quarter.

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.