Urban One, Inc. (NASDAQ:UONE) CEO David M. Kantor sold 20,000 shares of the stock in a transaction on Monday, June 7th. The shares were sold at an average price of $6.10, for a total transaction of $122,000.00. Following the sale, the chief executive officer now directly owns 146,270 shares of the company’s stock, valued at approximately $892,247. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ:UONE opened at $15.45 on Friday. The stock has a 50-day moving average of $7.05. Urban One, Inc. has a 12 month low of $1.49 and a 12 month high of $54.16. The company has a debt-to-equity ratio of 4.07, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap of $759.94 million, a PE ratio of 53.28 and a beta of 0.85.
Urban One (NASDAQ:UONE) last posted its earnings results on Thursday, March 18th. The company reported $0.55 EPS for the quarter. Urban One had a net margin of 4.04% and a return on equity of 8.52%. The firm had revenue of $113.54 million during the quarter.
Large investors have recently bought and sold shares of the company. Virtu Financial LLC lifted its position in shares of Urban One by 14.4% in the 4th quarter. Virtu Financial LLC now owns 22,028 shares of the company’s stock worth $93,000 after purchasing an additional 2,776 shares during the period. BlackRock Inc. lifted its position in shares of Urban One by 188.0% in the 4th quarter. BlackRock Inc. now owns 11,006 shares of the company’s stock worth $46,000 after purchasing an additional 7,185 shares during the period. LPL Financial LLC bought a new position in shares of Urban One in the 4th quarter worth about $137,000. Morgan Stanley bought a new position in shares of Urban One in the 1st quarter worth about $29,000. Finally, Squarepoint Ops LLC bought a new position in shares of Urban One in the 1st quarter worth about $80,000. 1.04% of the stock is owned by hedge funds and other 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.
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