Urban One, Inc. (NASDAQ:UONE) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Urban One, Inc. (NASDAQ:UONEFree Report) by 51.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,200 shares of the company’s stock after selling 57,200 shares during the period. Renaissance Technologies LLC owned approximately 0.11% of Urban One worth $108,000 as of its most recent SEC filing.

Insider Activity at Urban One

In other news, CFO Peter Thompson sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at approximately $394,389.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 32.61% of the stock is currently owned by insiders.

Urban One Stock Performance

UONE opened at $1.36 on Monday. Urban One, Inc. has a twelve month low of $1.23 and a twelve month high of $6.05. The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54. The stock has a market cap of $65.86 million, a PE ratio of -0.63 and a beta of 0.86. The business’s 50 day moving average is $1.92 and its 200-day moving average is $2.05.

Urban One (NASDAQ:UONEGet Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share for the quarter. Urban One had a positive return on equity of 15.38% and a negative net margin of 22.45%. The firm had revenue of $117.74 million for the quarter.

Urban One Company Profile

(Free Report)

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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