Zazove Associates LLC Has $6.29 Million Stake in Urban One Inc (NASDAQ:UONEK)

Zazove Associates LLC decreased its position in shares of Urban One Inc (NASDAQ:UONEK) by 82.5% in the 2nd quarter, reports. The institutional investor owned 500,000 shares of the company’s stock after selling 2,356,646 shares during the period. Zazove Associates LLC’s holdings in Urban One were worth $6,285,000 at the end of the most recent reporting period.

Shares of Urban One stock traded up $0.05 during midday trading on Friday, reaching $2.05. The company had a trading volume of 4,408 shares, compared to its average volume of 26,811. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 5.08. The firm has a market cap of $91.58 million, a P/E ratio of 0.61 and a beta of 0.54. The company’s fifty day moving average is $2.15. Urban One Inc has a 1-year low of $1.60 and a 1-year high of $2.41.

Urban One (NASDAQ:UONEK) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter. The business had revenue of $121.57 million during the quarter. Urban One had a net margin of 31.49% and a return on equity of 102.97%.

Separately, ValuEngine lowered shares of Urban One from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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Institutional Ownership by Quarter for Urban One (NASDAQ:UONEK)

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