Short Interest in Urban One, Inc. (NASDAQ:UONE) Expands By 41.1%

Urban One, Inc. (NASDAQ:UONE - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 62,100 shares, a growth of 41.1% from the February 28th total of 44,000 shares. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is presently 2.6 days. Approximately 0.2% of the company's stock are short sold.

Insiders Place Their Bets

In related news, CEO David M. Kantor sold 70,350 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $0.98, for a total value of $68,943.00. Following the completion of the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This represents a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 32.61% of the company's stock.

Hedge Funds Weigh In On Urban One

Several hedge funds and other institutional investors have recently made changes to their positions in UONE. Barclays PLC raised its holdings in shares of Urban One by 501,907.1% in the 4th quarter. Barclays PLC now owns 70,281 shares of the company's stock valued at $108,000 after purchasing an additional 70,267 shares during the period. Northern Trust Corp boosted its holdings in shares of Urban One by 31.7% in the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company's stock valued at $61,000 after purchasing an additional 9,509 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Urban One by 9.4% in the 4th quarter. Millennium Management LLC now owns 92,083 shares of the company's stock valued at $142,000 after purchasing an additional 7,923 shares during the last quarter. 8.23% of the stock is owned by institutional investors.

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Urban One Price Performance

Urban One stock traded down $0.02 on Tuesday, reaching $1.42. The company's stock had a trading volume of 4,941 shares, compared to its average volume of 74,035. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market cap of $68.03 million, a price-to-earnings ratio of -0.84 and a beta of 0.95. Urban One has a twelve month low of $1.23 and a twelve month high of $3.33. The business's fifty day moving average price is $1.40 and its 200 day moving average price is $1.51.

Urban One (NASDAQ:UONE - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The company reported ($0.78) earnings per share for the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%. The firm had revenue of $117.13 million during the quarter.

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.