Zazove Associates LLC Has $8.70 Million Holdings in Urban One, Inc. (NASDAQ:UONEK)

Zazove Associates LLC grew its holdings in shares of Urban One, Inc. (NASDAQ:UONEK) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,464,165 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Urban One comprises 1.1% of Zazove Associates LLC’s holdings, making the stock its 22nd largest holding. Zazove Associates LLC owned 5.04% of Urban One worth $8,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UONEK. JPMorgan Chase & Co. bought a new position in Urban One in the 2nd quarter valued at approximately $27,000. Wells Fargo & Company MN increased its position in shares of Urban One by 145.8% during the second quarter. Wells Fargo & Company MN now owns 4,795 shares of the company’s stock worth $29,000 after acquiring an additional 2,844 shares in the last quarter. Gladius Capital Management LP bought a new stake in Urban One in the 3rd quarter worth about $32,000. BNP Paribas Arbitrage SNC boosted its stake in Urban One by 51.9% in the first quarter. BNP Paribas Arbitrage SNC now owns 6,984 shares of the company’s stock valued at $38,000 after acquiring an additional 2,386 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Urban One by 39.0% in the first quarter. Deutsche Bank AG now owns 6,866 shares of the company’s stock valued at $38,000 after acquiring an additional 1,928 shares during the last quarter. Institutional investors and hedge funds own 19.70% of the company’s stock.

Urban One Price Performance

UONEK traded down $0.02 during trading hours on Wednesday, hitting $1.61. The company’s stock had a trading volume of 22,500 shares, compared to its average volume of 55,020. The business’s 50-day moving average price is $2.40 and its 200-day moving average price is $3.63. Urban One, Inc. has a 12 month low of $1.61 and a 12 month high of $6.34. The stock has a market cap of $78.76 million, a price-to-earnings ratio of 7.67 and a beta of 0.56. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 2.57.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered shares of Urban One from a “c” rating to a “d+” rating in a report on Wednesday, January 3rd.

Urban One Company Profile

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