Urban One, Inc. (NASDAQ:UONE) Short Interest Up 58.4% in February

Urban One, Inc. (NASDAQ:UONE) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 45,300 shares, an increase of 58.4% from the January 31st total of 28,600 shares. Based on an average daily volume of 42,000 shares, the short-interest ratio is presently 1.1 days.

Insider Buying and Selling

In related news, CEO David M. Kantor sold 70,350 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $0.98, for a total transaction of $68,943.00. Following the completion of the sale, the chief executive officer now owns 8,061 shares in the company, valued at $7,899.78. This represents a 89.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter Thompson sold 100,000 shares of the 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 sale, the chief financial officer now owns 220,642 shares of the company’s stock, valued at approximately $236,086.94. This represents a 31.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 229,560 shares of company stock worth $236,298 in the last 90 days. Company insiders own 32.61% of the company’s stock.

Institutional Trading of Urban One

Several hedge funds have recently made changes to their positions in UONE. Barclays PLC lifted its stake in shares of Urban One by 501,907.1% in the 4th quarter. Barclays PLC now owns 70,281 shares of the company’s stock worth $108,000 after acquiring an additional 70,267 shares during the period. Northern Trust Corp lifted its stake in shares of Urban One by 31.7% in the 4th quarter. Northern Trust Corp now owns 39,549 shares of the company’s stock worth $61,000 after acquiring an additional 9,509 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Urban One by 9.4% in the 4th quarter. Millennium Management LLC now owns 92,083 shares of the company’s stock worth $142,000 after acquiring an additional 7,923 shares during the period. Institutional investors and hedge funds own 8.23% of the company’s stock.

Urban One Stock Performance

NASDAQ:UONE traded down $0.03 during trading hours on Friday, reaching $1.37. 11,820 shares of the company’s stock were exchanged, compared to its average volume of 24,462. The firm has a market capitalization of $65.63 million, a price-to-earnings ratio of -0.81 and a beta of 0.99. The company has a 50-day moving average of $1.45 and a 200 day moving average of $1.61. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 2.90. Urban One has a 1-year low of $1.23 and a 1-year high of $3.48.

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.