Insider Selling: Urban One, Inc. (NASDAQ:UONEK) CAO Sells 50,000 Shares of Stock

Urban One, Inc. (NASDAQ:UONEK) CAO Karen Wishart sold 50,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $1.01, for a total value of $50,500.00. Following the completion of the transaction, the chief accounting officer now owns 41,278 shares of the company’s stock, valued at $41,690.78. This represents a 54.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Urban One Price Performance

NASDAQ UONEK opened at $1.01 on Wednesday. Urban One, Inc. has a one year low of $0.92 and a one year high of $4.12. The stock has a 50-day moving average of $1.05 and a 200 day moving average of $1.25. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market capitalization of $48.38 million, a price-to-earnings ratio of -0.59 and a beta of 0.56.

Urban One (NASDAQ:UONEK) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The firm had revenue of $110.39 million during the quarter.

Institutional Investors Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Urban One, Inc. (NASDAQ:UONEK) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,938 shares of the company’s stock, valued at approximately $27,000. 19.70% 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.