Urban One (NASDAQ:UONEK) Announces Earnings Results

Urban One (NASDAQ:UONEK) released its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, reports. Urban One had a positive return on equity of 17.29% and a negative net margin of 17.82%. The firm had revenue of $110.39 million for the quarter.

Urban One Trading Down 2.8 %

Shares of Urban One stock opened at $1.05 on Friday. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The business has a fifty day simple moving average of $1.12 and a two-hundred day simple moving average of $1.36. Urban One has a 1 year low of $0.97 and a 1 year high of $4.47.

Insider Buying and Selling at Urban One

In related news, CFO Peter Thompson sold 200,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,642 shares in the company, valued at $394,389.66. The trade was a 38.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 50.45% of the company’s stock.

Institutional Investors Weigh In On Urban One

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in shares of Urban One by 8.1% during the 1st quarter. Empowered Funds LLC now owns 133,337 shares of the company’s stock worth $272,000 after acquiring an additional 9,975 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Urban One during the second quarter worth $27,000. Finally, Zazove Associates LLC boosted its holdings in shares of Urban One by 36.2% in the 1st quarter. Zazove Associates LLC now owns 3,357,350 shares of the company’s stock valued at $6,849,000 after purchasing an additional 893,185 shares in the last quarter. Institutional investors and hedge funds 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.