Radio One (NASDAQ:UONE) Insider Sells $23,430.90 in Stock

Radio One, Inc. (NASDAQ:UONE) insider Lemuel Deon Levingston sold 5,646 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $4.15, for a total transaction of $23,430.90. Following the transaction, the insider owned 1,600 shares in the company, valued at approximately $6,640. The trade was a 77.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lemuel Deon Levingston also recently made the following trade(s):

• On Tuesday, August 11th, Lemuel Deon Levingston sold 2,891 shares of Radio One stock. The shares were sold at an average price of $5.40, for a total transaction of $15,611.40.
• On Monday, August 10th, Lemuel Deon Levingston sold 88 shares of Radio One stock. The shares were sold at an average price of $5.40, for a total transaction of $475.20.
• On Friday, August 7th, Lemuel Deon Levingston sold 1,677 shares of Radio One stock. The shares were sold at an average price of $5.40, for a total transaction of $9,055.80.
• On Thursday, August 6th, Lemuel Deon Levingston sold 160 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total transaction of $864.00.

Radio One Price Performance

NASDAQ UONE opened at $4.75 on Friday. The company has a debt-to-equity ratio of 20.77, a quick ratio of 1.84 and a current ratio of 1.84. The firm’s 50 day moving average price is $5.03 and its 200-day moving average price is $6.38. Radio One, Inc. has a 52-week low of $4.63 and a 52-week high of $16.94. The company has a market cap of $21.87 million, a PE ratio of -0.31 and a beta of 0.81.

Radio One (NASDAQ:UONE) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($1.58) earnings per share (EPS) for the quarter. The business had revenue of $85.76 million for the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC purchased a new position in Radio One in the second quarter worth $84,000. Barclays PLC increased its position in shares of Radio One by 11.5% during the fourth quarter. Barclays PLC now owns 78,410 shares of the company’s stock worth $81,000 after purchasing an additional 8,098 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Radio One by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 88,564 shares of the company’s stock valued at $91,000 after purchasing an additional 3,294 shares during the last quarter. Hedge funds and other institutional investors own 8.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Radio One

Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company’s core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One’s radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.

In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.