Point72 Asia Singapore Pte. Ltd. acquired a new stake in Urban One, Inc. (NASDAQ:UONE – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,801 shares of the company’s stock, valued at approximately $27,000.
Separately, Atlas Merchant Capital LLC boosted its position in Urban One by 5.1% during the second quarter. Atlas Merchant Capital LLC now owns 200,000 shares of the company’s stock valued at $398,000 after purchasing an additional 9,764 shares during the last quarter. 8.23% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, CFO Peter Thompson sold 200,000 shares of Urban One stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.23, for a total transaction of $246,000.00. Following the completion of the transaction, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 29.54% of the stock is owned by insiders.
Urban One Stock Down 6.8 %
Urban One (NASDAQ:UONE – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share for the quarter. The business had revenue of $117.74 million for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.
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.
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