Karen Wishart Sells 8,000 Shares of Urban One, Inc. (NASDAQ:UONEK) Stock

Urban One, Inc. (NASDAQ:UONEK – Get Rating) CAO Karen Wishart sold 8,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $6.10, for a total value of $48,800.00. Following the transaction, the chief accounting officer now owns 29,349 shares in the company, valued at approximately $179,028.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

UONEK stock opened at $6.00 on Thursday. The company has a debt-to-equity ratio of 3.22, a current ratio of 2.94 and a quick ratio of 2.94. Urban One, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $7.59. The stock has a market capitalization of $308.05 million, a price-to-earnings ratio of 6.00 and a beta of 0.86. The business’s fifty day moving average price is $5.42 and its two-hundred day moving average price is $4.55.

Urban One (NASDAQ:UONEK – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.12 EPS for the quarter. Urban One had a return on equity of 22.22% and a net margin of 11.83%. The company had revenue of $130.97 million for the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of UONEK. Zazove Associates LLC acquired a new stake in shares of Urban One during the first quarter valued at about $14,055,000. Invesco Ltd. acquired a new position in shares of Urban One in the third quarter worth approximately $2,960,000. Boundary Creek Advisors LP lifted its stake in shares of Urban One by 21.5% in the fourth quarter. Boundary Creek Advisors LP now owns 1,680,834 shares of the company’s stock worth $5,698,000 after acquiring an additional 296,963 shares during the period. Millennium Management LLC acquired a new position in shares of Urban One in the fourth quarter worth approximately $543,000. Finally, Morgan Stanley lifted its stake in shares of Urban One by 574.3% in the first quarter. Morgan Stanley now owns 182,487 shares of the company’s stock worth $319,000 after acquiring an additional 155,425 shares during the period. Institutional investors own 13.82% of the company’s stock.

Urban One Company Profile (Get Rating)

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.

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