Urban One, Inc. (NASDAQ:UONE) Sees Significant Drop in Short Interest

Urban One, Inc. (NASDAQ:UONEGet Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 53,900 shares, a drop of 19.9% from the April 15th total of 67,300 shares. Based on an average daily volume of 191,300 shares, the short-interest ratio is presently 0.3 days.

In other Urban One news, CAO Karen Wishart sold 8,000 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $6.10, for a total value of $48,800.00. Following the sale, the chief accounting officer now directly owns 29,349 shares in the company, valued at $179,028.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director D Geoffrey Armstrong sold 30,120 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $6.05, for a total transaction of $182,226.00. Following the sale, the director now directly owns 178,421 shares of the company’s stock, valued at approximately $1,079,447.05. The disclosure for this sale can be found here. Company insiders own 31.26% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Barclays PLC grew its position in Urban One by 347.8% in the third quarter. Barclays PLC now owns 30,000 shares of the company’s stock valued at $244,000 after purchasing an additional 23,300 shares in the last quarter. Spire Wealth Management bought a new position in Urban One in the fourth quarter valued at $27,000. Schonfeld Strategic Advisors LLC bought a new position in Urban One in the third quarter valued at $124,000. BlackRock Inc. grew its position in Urban One by 26.1% in the third quarter. BlackRock Inc. now owns 18,736 shares of the company’s stock valued at $152,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Urban One in the third quarter valued at $211,000. 1.86% of the stock is owned by institutional investors.

Shares of UONE stock opened at $11.26 on Tuesday. The firm has a fifty day moving average of $7.23 and a 200-day moving average of $6.05. The company has a quick ratio of 2.94, a current ratio of 3.27 and a debt-to-equity ratio of 3.03. Urban One has a 12-month low of $3.73 and a 12-month high of $24.16. The company has a market capitalization of $578.10 million, a price-to-earnings ratio of 11.26 and a beta of 0.79.

Urban One (NASDAQ:UONEGet Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $0.12 earnings per share (EPS) for the quarter. Urban One had a net margin of 11.83% and a return on equity of 21.68%. The company had revenue of $130.97 million during the quarter.

About Urban One (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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