Allspring Global Investments Holdings LLC acquired a new position in shares of Urban One, Inc. (NASDAQ:UONEK – Get Rating) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,771 shares of the company's stock, valued at approximately $33,000.
Several other hedge funds have also modified their holdings of UONEK. JPMorgan Chase & Co. acquired a new position in Urban One in the second quarter valued at $27,000. Brandywine Global Investment Management LLC acquired a new position in shares of Urban One in the 2nd quarter valued at about $55,000. Rhumbline Advisers purchased a new stake in shares of Urban One during the 2nd quarter worth about $85,000. Stokes Family Office LLC increased its position in Urban One by 44.7% during the 2nd quarter. Stokes Family Office LLC now owns 20,742 shares of the company's stock worth $89,000 after purchasing an additional 6,406 shares in the last quarter. Finally, CastleKnight Management LP acquired a new stake in Urban One during the 2nd quarter worth approximately $132,000. 19.47% of the stock is owned by institutional investors and hedge funds.
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Shares of UONEK stock opened at $5.02 on Thursday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 2.87. Urban One, Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $6.99. The firm's 50 day moving average price is $4.54 and its two-hundred day moving average price is $4.42. The stock has a market cap of $242.87 million, a price-to-earnings ratio of 6.44 and a beta of 0.87.
Urban One (NASDAQ:UONEK – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.08 earnings per share for the quarter. Urban One had a net margin of 8.73% and a return on equity of 16.08%. The business had revenue of $121.40 million for the quarter.About Urban One
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Urban One, Inc is a multi-media company engaged in radio broadcasting that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations.
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