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 firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $4.15, for a total value of $23,430.90. Following the sale, the insider owned 1,600 shares of the company’s stock, valued at $6,640. This represents a 77.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $15,611.40.
• On Monday, August 10th, Lemuel Deon Levingston sold 88 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total value 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 value 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 Stock Down 1.4%

Shares of NASDAQ:UONE traded down $0.07 during midday trading on Wednesday, reaching $4.84. The company had a trading volume of 2,325 shares, compared to its average volume of 59,845. The stock has a market capitalization of $22.31 million, a P/E ratio of -0.32 and a beta of 0.81. The stock’s fifty day moving average price is $5.06 and its 200-day moving average price is $6.50. The company has a debt-to-equity ratio of 20.77, a current ratio of 1.84 and a quick ratio of 1.84. Radio One, Inc. has a one year low of $4.63 and a one year high of $18.50.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Radio One

Institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in shares of Radio One by 11.5% in the 4th quarter. Barclays PLC now owns 78,410 shares of the company’s stock worth $81,000 after purchasing an additional 8,098 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Radio One in the second quarter worth $84,000. Finally, Geode Capital Management LLC lifted its stake in Radio One by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 88,564 shares of the company’s stock valued at $91,000 after buying an additional 3,294 shares during the last quarter. 8.23% of the stock is owned by institutional investors.

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.