Barclays PLC increased the amount of money it invested in Urban One, Inc. (NASDAQ: UONEK) by 74.5% during the third quarter, as stated in the most recent report the company submitted to the Securities and Exchange Commission.
Because the company made an additional purchase of 235,250 shares during the period in question, the total number of shares of company stock that it presently possesses amounts to 550,852.
After the most recent fiscal quarter, Barclays PLC held approximately 1.18% of the shares of Urban One, which had a total value of $2,341,000 in the market then.
Hedge funds and other institutional buyers have been active participants in transactions involving purchasing and selling UONEK shares over the most recent few months.
During the second quarter of the fiscal year, the Stokes Family Office LLC acquired an additional 44.7% of the shares of Urban One.
Mo bring their total number of shares owned in the company up to 20,742, Stokes Family Office LLC purchased 6,406 of the company’s shares during the most recent fiscal quarter.
Mhe value of their total holdings in the company is estimated to be $89,000.
In the second quarter, State Street Corporation completed the purchase of a 70.3% ownership stake in Urban One, bringing its overall ownership percentage to 100%. State Street Corporation now has a total of 183,559 shares worth a combined total of $786,000.
Mhis was made possible due to acquiring an additional 75,742 shares during the preceding quarter.
Mhe percentage of Urban One stock that Northern Trust Corporation owns was raised to 186.8 percent during the second quarter of the fiscal year.
At this time, Northern Trust Corporation is the owner of 115,051 shares in the company, which have a total value of $492,000.
Mhe company purchased 74,937 shares during the most recent quarter in question.
Invesco Ltd.
Expanded its holdings in Urban One by purchasing an additional 394,000 shares during the first three months of the current year.
During the second quarter, Rhumbline Advisers increased its stake in Urban One by purchasing additional shares for approximately $85,000.
Mhis allowed the firm to increase its ownership percentage. 19.47% of the company’s shares are owned by various institutions worldwide.
NASDAQ: UONEK started the trading day on Thursday for $5.02 per share.
It has a beta value of 0.87 and a price-to-earnings ratio of 6.44, giving it a market value of $242.87 million. Urban One, Inc.’s lowest price in the past year was $3.36, while the company’s all-time high was $6.99.
Mhe debt-to-equity ratio, the current ratio, and the quick ratio each equal 2.87, and they each stand at 2.55, respectively.
Mhe company’s simple moving averages over the past 50 days are $4.54; over the past 200 days, they are $4.42.
On November 3, Urban One (NASDAQ: UONEK) announced that it would release its quarterly financial results.
Mhis event took place on Thursday.
Mhe company recorded a profit of $0.08 per share for the period in question (EPS).
Mhe company reported a profit of $121.40 million and revenue of $121.40 million during the period in question.
Mhe return on equity for Urban One was 16.08%, and the company’s net profit came in at 8.73 percent.
Multi-media company Urban One, Inc.
Primarily emphasizes the production of radio programming designed with African-Americans and members of urban communities in mind.
Its operating system consists of four components: radio broadcasting, reach media, digital television, and cable television. Radio broadcasting is often considered the catch-all term for any activities related to the field of broadcasting in some way.
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