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

Urban One, Inc. (NASDAQ:UONEK) CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction 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 transaction, the chief accounting officer now owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Urban One Price Performance

NASDAQ UONEK opened at $0.99 on Friday. The company has a market capitalization of $47.43 million, a PE ratio of -0.58 and a beta of 0.56. 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 business’s fifty day moving average is $1.04 and its 200 day moving average is $1.25. Urban One, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $4.12.

Urban One (NASDAQ:UONEK) last released its earnings results on Tuesday, November 12th. The company reported $0.31 earnings per share 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%.

Hedge Funds 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 stake in Urban One, Inc. (NASDAQ:UONEK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,938 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors 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.