Point72 Asia Singapore Pte. Ltd. acquired a new stake in Urban One, Inc. (NASDAQ:UONEK – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,938 shares of the company’s stock, valued at approximately $27,000.
Separately, Empowered Funds LLC increased its position in Urban One by 8.1% in the 1st quarter. Empowered Funds LLC now owns 133,337 shares of the company’s stock valued at $272,000 after buying an additional 9,975 shares in the last quarter. Institutional investors own 19.70% of the company’s stock.
Insider Buying and Selling at Urban One
In related news, CFO Peter Thompson sold 200,000 shares of the firm’s stock in a transaction dated 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 approximately $394,389.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 50.45% of the company’s stock.
Urban One Stock Performance
Urban One (NASDAQ:UONEK – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%. The firm had revenue of $117.74 million during the quarter.
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.
Featured Stories
- Five stocks we like better than Urban One
- Using the MarketBeat Stock Split Calculator
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is the Dow Jones Industrial Average (DJIA)?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- 3 Best Fintech Stocks for a Portfolio Boost
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Urban One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban One and related companies with MarketBeat.com's FREE daily email newsletter.