Urban One, Inc. (NASDAQ:UONE) CEO David M. Kantor Sells 70,350 Shares of Stock

Urban One, Inc. (NASDAQ:UONE) CEO David M. Kantor sold 70,350 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the sale, the chief executive officer now directly owns 8,061 shares of the company’s stock, valued at approximately $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Urban One Trading Down 3.2 %

Shares of Urban One stock opened at $1.50 on Thursday. Urban One, Inc. has a one year low of $1.23 and a one year high of $4.10. 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 firm has a fifty day moving average of $1.56 and a two-hundred day moving average of $1.74.

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

Hedge Funds Weigh In On Urban One

An institutional investor recently raised its position in Urban One stock. Atlas Merchant Capital LLC lifted its holdings in Urban One, Inc. (NASDAQ:UONE) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the company’s stock after buying an additional 9,764 shares during the quarter. Atlas Merchant Capital LLC owned 0.40% of Urban One worth $398,000 as of its most recent SEC filing. 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.