Point72 Asia Singapore Pte. Ltd. Invests $27,000 in Urban One, Inc. (NASDAQ:UONEK)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Urban One, Inc. (NASDAQ:UONEK) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 17,938 shares of the company’s stock, valued at approximately $27,000.

Separately, Empowered Funds LLC boosted its holdings in Urban One by 8.1% in the first quarter. Empowered Funds LLC now owns 133,337 shares of the company’s stock worth $272,000 after acquiring an additional 9,975 shares in the last quarter. Institutional investors own 19.70% of the company’s stock.

Insider Buying and Selling

In other news, CFO Peter Thompson sold 200,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 320,642 shares of the company’s stock, valued at $394,389.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 50.45% of the stock is owned by company insiders.

Urban One Trading Down 0.9 %

NASDAQ UONEK opened at $1.10 on Wednesday. The stock’s fifty day moving average price is $1.30 and its 200-day moving average price is $1.52. The company has a current ratio of 2.77, a quick ratio of 2.76 and a debt-to-equity ratio of 2.54. The stock has a market cap of $53.27 million, a P/E ratio of 6.47 and a beta of 0.57. Urban One, Inc. has a 12 month low of $1.03 and a 12 month high of $5.92.

Urban One (NASDAQ:UONEK) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.57 earnings per share for the quarter. The business had revenue of $117.74 million during the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.

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.