Urban One, Inc. (NASDAQ:UONE) Short Interest Update

Urban One, Inc. (NASDAQ:UONE) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 28,100 shares, a decrease of 27.0% from the November 15th total of 38,500 shares. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity

In other news, CEO David M. Kantor sold 350,000 shares of Urban One stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total value of $343,000.00. Following the completion of the transaction, the chief executive officer now owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 97.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Thompson sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the sale, the chief financial officer now owns 320,642 shares of the company’s stock, valued at $394,389.66. This trade represents a 38.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 659,210 shares of company stock worth $705,855. 32.61% of the stock is currently owned by corporate insiders.

Hedge Funds 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 position in Urban One, Inc. (NASDAQ:UONE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 8.23% of the company’s stock.

Urban One Stock Performance

Urban One stock opened at $1.66 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 2.91 and a quick ratio of 2.91. Urban One has a 12 month low of $1.23 and a 12 month high of $4.35. The company has a fifty day moving average price of $1.50 and a two-hundred day moving average price of $1.83. The company has a market cap of $79.51 million, a PE ratio of -0.98 and a beta of 0.95.

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

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.