Insider Selling: Urban One, Inc. (NASDAQ:UONE) CAO Sells $50,500.00 in Stock

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

Urban One Stock Performance

NASDAQ UONE opened at $1.58 on Friday. The company has a market cap of $75.69 million, a price-to-earnings ratio of -0.93 and a beta of 0.95. Urban One, Inc. has a 52 week low of $1.23 and a 52 week high of $4.29. The business has a 50 day moving average price of $1.50 and a 200-day moving average price of $1.82. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Urban One, Inc. (NASDAQ:UONE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,801 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 8.23% 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.