Urban One, Inc. (NASDAQ:UONE) CFO Sells $246,000.00 in Stock

Urban One, Inc. (NASDAQ:UONE) CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the sale, the chief financial officer now directly owns 320,642 shares in the company, valued at $394,389.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Urban One Trading Down 4.2 %

Urban One stock opened at $1.82 on Friday. The business has a 50 day moving average price of $2.04 and a two-hundred day moving average price of $2.11. The company has a quick ratio of 2.76, a current ratio of 2.77 and a debt-to-equity ratio of 2.54. Urban One, Inc. has a 12 month low of $1.67 and a 12 month high of $6.05. The stock has a market cap of $90.40 million, a price-to-earnings ratio of 10.71 and a beta of 0.87.

Urban One (NASDAQ:UONE) last issued its earnings results on Thursday, August 8th. The company reported $0.57 EPS for the quarter. The business had revenue of $117.74 million during the quarter. Urban One had a positive return on equity of 15.38% and a negative net margin of 22.45%.

Hedge Funds Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC boosted its holdings in Urban One, Inc. (NASDAQ:UONE) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the company’s stock after acquiring an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 at the end of the most recent quarter. 8.23% of the stock is currently owned by institutional investors.

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.