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

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Urban One, Inc. (NASDAQ:UONE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,801 shares of the company’s stock, valued at approximately $27,000.

Separately, Atlas Merchant Capital LLC boosted its position in Urban One by 5.1% during the second quarter. Atlas Merchant Capital LLC now owns 200,000 shares of the company’s stock valued at $398,000 after purchasing an additional 9,764 shares during the last quarter. 8.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Peter Thompson sold 200,000 shares of Urban One 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 completion of the transaction, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 29.54% of the stock is owned by insiders.

Urban One Stock Down 6.8 %

UONE stock opened at $1.64 on Wednesday. The company has a market cap of $79.43 million, a price-to-earnings ratio of 9.65 and a beta of 0.87. Urban One, Inc. has a twelve month low of $1.63 and a twelve month high of $6.05. The business has a 50 day moving average price of $2.02 and a two-hundred day moving average price of $2.10. The company has a quick ratio of 2.76, a current ratio of 2.77 and a debt-to-equity ratio of 2.54.

Urban One (NASDAQ:UONE) last issued its earnings results on Thursday, August 8th. The company reported $0.57 earnings per share for the quarter. The business had revenue of $117.74 million for the quarter. Urban One had a negative net margin of 22.45% and a positive return on equity of 15.38%.

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.