Urban One, Inc. (NASDAQ:UONE) CAO Karen Wishart Sells 50,000 Shares

Urban One, Inc. (NASDAQ:UONE) CAO Karen Wishart sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares of the company’s stock, valued at $41,690.78. This represents a 54.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Urban One Stock Up 5.6 %

Shares of Urban One stock opened at $1.69 on Wednesday. Urban One, Inc. has a 12-month low of $1.23 and a 12-month high of $4.29. The stock has a market capitalization of $80.96 million, a P/E ratio of -0.99 and a beta of 0.95. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The stock has a 50 day moving average price of $1.49 and a two-hundred day moving average price of $1.83.

Urban One (NASDAQ:UONE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. The business 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%.

Institutional Inflows and Outflows

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