Barclays PLC Lowers Stock Position in Urban One, Inc. (NASDAQ:UONEK)

Barclays PLC cut its stake in shares of Urban One, Inc. (NASDAQ:UONEK) by 16.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 501,025 shares of the company’s stock after selling 96,483 shares during the quarter. Barclays PLC’s holdings in Urban One were worth $556,000 at the end of the most recent reporting period.

Separately, Point72 Asia Singapore Pte. Ltd. purchased a new position in Urban One in the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 19.70% of the company’s stock.

Urban One Price Performance

Shares of NASDAQ:UONEK opened at $0.97 on Friday. The firm has a market cap of $46.47 million, a price-to-earnings ratio of -0.57 and a beta of 0.56. The firm has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.21. Urban One, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $3.96. The company has a debt-to-equity ratio of 2.90, a quick ratio of 2.91 and a current ratio of 2.91.

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

Insider Activity

In other Urban One news, CFO Peter Thompson sold 100,000 shares of Urban One stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $1.07, for a total transaction of $107,000.00. Following the completion of the sale, the chief financial officer now directly owns 220,642 shares of the company’s stock, valued at $236,086.94. The trade was a 31.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Karen Wishart sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $1.01, for a total transaction of $50,500.00. Following the completion of the sale, the chief accounting officer now directly owns 41,278 shares of the company’s stock, valued at $41,690.78. The trade was a 54.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 509,210 shares of company stock valued at $510,355. 50.45% of the stock is currently owned by insiders.

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.