Point72 Asia Singapore Pte. Ltd. purchased a new stake in Urban One, Inc. (NASDAQ:UONE – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,801 shares of the company’s stock, valued at approximately $27,000.
Separately, Atlas Merchant Capital LLC boosted its position in shares of Urban One by 5.1% in the second quarter. Atlas Merchant Capital LLC now owns 200,000 shares of the company’s stock valued at $398,000 after acquiring an additional 9,764 shares during the period. 8.23% of the stock is owned by institutional investors and hedge funds.
Urban One Trading Down 6.8 %
UONE stock opened at $1.64 on Wednesday. Urban One, Inc. has a 52 week low of $1.63 and a 52 week high of $6.05. The company has a market capitalization of $79.43 million, a PE ratio of 9.65 and a beta of 0.87. The company’s 50-day simple moving average is $2.02 and its 200 day simple moving average is $2.10. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.76 and a current ratio of 2.77.
Insider Buying and Selling at Urban One
In other news, CFO Peter Thompson sold 200,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $394,389.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 29.54% of the company’s stock.
Urban One 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.
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