Insider Selling: Urban One, Inc. (NASDAQ:UONE) CFO Sells 100,000 Shares of Stock

Urban One, Inc. (NASDAQ:UONE) CFO Peter Thompson sold 100,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $1.07, for a total transaction of $107,000.00. Following the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at $236,086.94. This represents a 31.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Peter Thompson also recently made the following trade(s):

• On Monday, September 23rd, Peter Thompson sold 200,000 shares of Urban One stock. The shares were sold at an average price of $1.23, for a total transaction of $246,000.00.

Urban One Stock Down 1.2 %

NASDAQ:UONE traded down $0.02 during mid-day trading on Friday, hitting $1.66. The company had a trading volume of 10,789 shares, compared to its average volume of 84,351. The business has a fifty day simple moving average of $1.50 and a 200-day simple moving average of $1.84. The firm has a market capitalization of $79.51 million, a price-to-earnings ratio of -0.98 and a beta of 0.95. Urban One, Inc. has a 1 year low of $1.23 and a 1 year high of $4.35. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90.

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

Institutional Investors Weigh In On Urban One

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) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,801 shares of the company’s stock, valued at approximately $27,000. 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.