Karen Wishart Sells 50,000 Shares of Urban One, Inc. (NASDAQ:UONEK) Stock

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

Urban One Price Performance

Shares of NASDAQ UONEK traded up $0.02 during midday trading on Tuesday, reaching $1.01. The stock had a trading volume of 36,960 shares, compared to its average volume of 47,095. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. Urban One, Inc. has a 12-month low of $0.92 and a 12-month high of $4.12. The stock has a 50-day moving average of $1.05 and a 200-day moving average of $1.26. The company has a market capitalization of $48.38 million, a price-to-earnings ratio of -0.58 and a beta of 0.56.

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

Institutional Trading of Urban One

A hedge fund recently bought a new stake in Urban One stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Urban One, Inc. (NASDAQ:UONEK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,938 shares of the company’s stock, valued at approximately $27,000. Institutional investors 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.