State Street Corp Sells 67,150 Shares of Urban One, Inc. (NASDAQ:UONEK)

State Street Corp lowered its position in shares of Urban One, Inc. (NASDAQ:UONEK) by 46.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,467 shares of the company’s stock after selling 67,150 shares during the period. State Street Corp’s holdings in Urban One were worth $86,000 at the end of the most recent reporting period.

Separately, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Urban One during the second quarter valued at approximately $27,000. 19.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Karen Wishart sold 50,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.01, for a total transaction of $50,500.00. Following the sale, the chief accounting officer now owns 41,278 shares in the company, valued at approximately $41,690.78. The trade was a 54.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Kantor sold 350,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.98, for a total transaction 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 approximately $7,899.78. The trade was a 97.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 509,210 shares of company stock worth $510,355 over the last three months. Company insiders own 50.45% of the company’s stock.

Urban One Stock Performance

Shares of UONEK stock opened at $0.98 on Friday. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. The stock has a fifty day moving average of $1.04 and a 200 day moving average of $1.20. The firm has a market capitalization of $46.95 million, a price-to-earnings ratio of -0.58 and a beta of 0.57. Urban One, Inc. has a 52 week low of $0.92 and a 52 week high of $3.96.

Urban One (NASDAQ:UONEK) last posted its earnings results on Tuesday, November 12th. The company reported $0.31 EPS for the quarter. The firm had revenue of $110.39 million during the quarter. Urban One had a negative net margin of 17.82% and a positive return on equity of 17.29%.

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.