Empowered Funds LLC increased its stake in Urban One, Inc. (NASDAQ:UONEK – free report) by 8.1% during the first quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). The fund acquired an additional 9,975 shares during the period, bringing its holdings to 133,337 shares of the company. Empowered Funds LLC held 0.27% of Urban One’s shares, valued at $272,000, as of the end of the most recent quarter.
Meanwhile, Zazobe Associates LLC increased its holdings in Urban One by 0.4% during the fourth quarter. The firm now owns 2,464,165 shares of the company’s stock, valued at $8,699,000, after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 19.70% of the company’s stock.
Urban One’s price performance
UONEK shares opened trading at $1.46 on Friday. Urban One Inc. has a 52-week low of $1.25 and a 52-week high of $5.92. The company has a debt-to-equity ratio of 2.25, a quick ratio of 2.95 and a current ratio of 2.95. The company’s 50-day moving average price is $1.56 and its 200-day moving average price is $2.24. The company has a market cap of $72.52 million, a P/E ratio of 8.59 and a beta of 0.61.
Urban One (NASDAQ:UONEK – Get free report ) announced its quarterly earnings on Friday, June 7. The company reported $0.15 earnings per share (EPS) for the quarter. Urban One had a return on equity of 34.66% and a net margin of 2.64%. The company had revenue of $104.41 million for the quarter.
About UrbanOne
(Free report)
Urban One, Inc., together with its subsidiaries, operates as an urban-focused multimedia 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 are primarily targeted to African-American and urban listeners.
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