Dimensional Fund Advisors LP acquired a new stake in shares of Urban One Inc (NASDAQ:UONEK) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,658,517 shares of the company’s stock, valued at approximately $5,982,000. Dimensional Fund Advisors LP owned about 5.54% of Urban One at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Federated Investors Inc. PA purchased a new stake in Urban One in the 2nd quarter worth approximately $2,950,000. Vanguard Group Inc. purchased a new stake in Urban One in the 2nd quarter worth approximately $2,067,000. Apollo Management Holdings L.P. purchased a new stake in Urban One in the 2nd quarter worth approximately $1,804,000. Phoenix Investment Adviser LLC purchased a new stake in Urban One in the 2nd quarter worth approximately $467,000. Finally, LMR Partners LLP purchased a new stake in Urban One in the 2nd quarter worth approximately $140,000. Institutional investors and hedge funds own 38.03% of the company’s stock.
Urban One Inc (NASDAQ UONEK) remained flat at $$1.55 during midday trading on Wednesday. The company had a trading volume of 18,953 shares, compared to its average volume of 70,186. Urban One Inc has a 1-year low of $1.35 and a 1-year high of $3.50. The company has a debt-to-equity ratio of -12.31, a current ratio of 2.62 and a quick ratio of 2.62.
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Urban One Company Profile
Urban One, Inc, formerly Radio One, Inc, together with its subsidiaries, is an urban-oriented, multi-media company. The Company’s radio broadcasting franchise business primarily targets African-American and urban listeners. It operates through four segments: radio broadcasting; Reach Media, Inc (Reach Media); Internet, and cable television.
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