Urban One, Inc. (NASDAQ:UONE - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.63 and traded as low as $1.44. Urban One shares last traded at $1.44, with a volume of 10,888 shares traded.
Urban One Trading Up 2.2 %
The stock has a 50-day moving average price of $1.47 and a two-hundred day moving average price of $1.62. The stock has a market capitalization of $67.07 million, a PE ratio of -0.82 and a beta of 0.99. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91.
Insider Buying and Selling at Urban One
In other news, CEO David M. Kantor sold 350,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total value of $343,000.00. Following the completion of the transaction, the chief executive officer now owns 8,061 shares of the company's stock, valued at $7,899.78. This represents a 97.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Karen Wishart sold 50,000 shares of Urban One stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.01, for a total value of $50,500.00. Following the sale, the chief accounting officer now directly owns 41,278 shares in the company, valued at $41,690.78. This trade represents a 54.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 579,560 shares of company stock valued at $579,298 over the last 90 days. 32.61% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Urban One
Several hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its holdings 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 acquiring an additional 9,509 shares during the last quarter. Barclays PLC grew its position in shares of Urban One by 501,907.1% during the fourth quarter. Barclays PLC now owns 70,281 shares of the company's stock valued at $108,000 after purchasing an additional 70,267 shares in the last quarter. Finally, Millennium Management LLC increased 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 worth $142,000 after purchasing an additional 7,923 shares during the last quarter. Hedge funds and other institutional investors own 8.23% of the company's stock.
About Urban One
(
Get 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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