Urban One (NASDAQ:UONEK) Posts Earnings Results

Urban One (NASDAQ:UONEK) posted its quarterly earnings data on Tuesday. The company reported $0.31 EPS for the quarter, reports. 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 16.29%.

Urban One Stock Performance

NASDAQ:UONEK opened at $1.08 on Thursday. The firm has a market capitalization of $52.30 million, a PE ratio of -0.64 and a beta of 0.56. The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54. Urban One has a 1 year low of $0.97 and a 1 year high of $4.47. The firm’s fifty day simple moving average is $1.12 and its 200 day simple moving average is $1.36.

Insider Activity at Urban One

In related news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $394,389.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 50.45% of the stock is owned by corporate insiders.

Institutional Trading of Urban One

A number of institutional investors have recently bought and sold shares of the business. Zazove Associates LLC lifted its holdings in shares of Urban One by 36.2% during the 1st quarter. Zazove Associates LLC now owns 3,357,350 shares of the company’s stock valued at $6,849,000 after purchasing an additional 893,185 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Urban One in the second quarter valued at approximately $27,000. Finally, Empowered Funds LLC increased its holdings in Urban One by 8.1% during the first quarter. Empowered Funds LLC now owns 133,337 shares of the company’s stock worth $272,000 after buying an additional 9,975 shares during the last quarter. Institutional investors and hedge funds own 19.70% of the company’s stock.

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.