Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Urban One, Inc. (NASDAQ:UONEK – Free Report) 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 %
Urban One (NASDAQ:UONEK – Get Free Report) 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.
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