Point72 Asia Singapore Pte. Ltd. Makes New Investment in Urban One, Inc. (NASDAQ:UONEK)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Urban One, Inc. (NASDAQ:UONEK) 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

NASDAQ UONEK opened at $1.10 on Wednesday. The company has a market cap of $53.27 million, a P/E ratio of 6.47 and a beta of 0.57. The company has a fifty day simple moving average of $1.30 and a 200 day simple moving average of $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. Urban One, Inc. has a 12-month low of $1.03 and a 12-month high of $5.92.

Urban One (NASDAQ:UONEK) 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.