Urban One (NASDAQ:UONE) Announces Earnings Results

Urban One (NASDAQ:UONE) issued its earnings results on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, reports. Urban One had a negative net margin of 17.82% and a positive return on equity of 16.29%. The business had revenue of $110.39 million for the quarter.

Urban One Stock Performance

NASDAQ:UONE opened at $1.41 on Thursday. The business’s fifty day moving average is $1.63 and its 200 day moving average is $1.92. The firm has a market cap of $68.29 million, a price-to-earnings ratio of -0.83 and a beta of 0.92. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77. Urban One has a 52-week low of $1.23 and a 52-week high of $4.55.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Urban One, Inc. (NASDAQ:UONE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,801 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 8.23% of the company’s stock.

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.