Urban One, Inc. (NASDAQ:UONE) Short Interest Up 58.4% in February

Urban One, Inc. (NASDAQ:UONE - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 45,300 shares, a growth of 58.4% from the January 31st total of 28,600 shares. Based on an average daily trading volume, of 42,000 shares, the days-to-cover ratio is presently 1.1 days.

Insider Buying and Selling

In other news, CEO David M. Kantor sold 70,350 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the transaction, the chief executive officer now directly owns 8,061 shares in the company, valued at approximately $7,899.78. This trade represents a 89.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 41,278 shares in the company, valued at $41,690.78. The trade was a 54.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 229,560 shares of company stock worth $236,298 in the last quarter. 32.61% of the stock is owned by insiders.

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Institutional Investors Weigh In On Urban One

Several large investors have recently modified their holdings of UONE. Northern Trust Corp grew its position in 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 buying an additional 9,509 shares during the last quarter. Barclays PLC lifted its stake 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 worth $108,000 after acquiring an additional 70,267 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Urban One by 9.4% in the fourth quarter. Millennium Management LLC now owns 92,083 shares of the company's stock valued at $142,000 after acquiring an additional 7,923 shares in the last quarter. Hedge funds and other institutional investors own 8.23% of the company's stock.

Urban One Stock Performance

Shares of UONE traded down $0.02 during mid-day trading on Wednesday, hitting $1.34. 10,905 shares of the company's stock were exchanged, compared to its average volume of 79,806. The firm has a market capitalization of $64.19 million, a P/E ratio of -0.79 and a beta of 0.99. Urban One has a fifty-two week low of $1.23 and a fifty-two week high of $3.40. The business's 50 day moving average is $1.45 and its two-hundred day moving average is $1.59. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 2.90.

About Urban One

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.