Urban One, Inc. (NASDAQ:UONE – Get Rating) Director Terry L. Jones sold 62,719 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $6.07, for a total value of $380,704.33. Following the transaction, the director now directly owns 338,563 shares in the company, valued at approximately $2,055,077.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of UONE traded up $1.20 during midday trading on Friday, reaching $11.97. 11,875 shares of the stock were exchanged, compared to its average volume of 260,940. Urban One, Inc. has a twelve month low of $3.73 and a twelve month high of $24.16. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 3.03. The company has a market cap of $614.55 million, a P/E ratio of 11.62 and a beta of 0.79. The stock’s 50 day simple moving average is $8.08 and its 200 day simple moving average is $6.21.

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

A number of hedge funds have recently made changes to their positions in UONE. Spire Wealth Management acquired a new position in Urban One in the fourth quarter valued at approximately $27,000. Morgan Stanley bought a new stake in shares of Urban One during the first quarter worth about $29,000. Simplex Trading LLC bought a new stake in shares of Urban One during the first quarter worth about $29,000. UBS Group AG bought a new stake in shares of Urban One during the third quarter worth about $31,000. Finally, Citigroup Inc. increased its position in shares of Urban One by 440.3% during the first quarter. Citigroup Inc. now owns 5,608 shares of the company’s stock worth $35,000 after acquiring an additional 4,570 shares in the last quarter. Institutional investors and hedge funds own 1.86% 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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