Lemuel Deon Levingston Sells 2,891 Shares of Radio One (NASDAQ:UONE) Stock

Radio One, Inc. (NASDAQ:UONE) insider Lemuel Deon Levingston sold 2,891 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $5.40, for a total transaction of $15,611.40. Following the transaction, the insider directly owned 7,246 shares of the company’s stock, valued at approximately $39,128.40. This represents a 28.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 value of $864.00.

Radio One Stock Performance

Shares of Radio One stock traded down $0.01 during trading on Friday, reaching $5.08. The company’s stock had a trading volume of 3,129 shares, compared to its average volume of 64,518. Radio One, Inc. has a one year low of $4.63 and a one year high of $18.50. 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 has a market cap of $22.98 million, a price-to-earnings ratio of -0.34 and a beta of 0.84. The business’s fifty day moving average price is $5.30 and its 200-day moving average price is $7.20.

Radio One (NASDAQ:UONE) last announced its earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share for the quarter. The business had revenue of $77.65 million for the quarter. Radio One had a negative net margin of 19.04% and a negative return on equity of 7.13%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Radio One stock. Geode Capital Management LLC grew its stake in shares of Radio One, Inc. (NASDAQ:UONE) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 88,564 shares of the company’s stock after buying an additional 3,294 shares during the period. Geode Capital Management LLC owned approximately 1.97% of Radio One worth $91,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 8.23% of the company’s stock.

Radio One Company Profile

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.