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David M. Kantor, CEO of the Radio Division at Urban One, Inc. (NASDAQ:UONEK), recently sold 350,000 shares of the company's Class D common stock. The shares were sold at a price of $0.9801 each, totaling approximately $343,035. Following this transaction, Kantor retains 8,061 shares of the company. This transaction was disclosed in a recent SEC Form 4 filing.
The sale comes as Urban One's stock trades significantly below its 52-week high of $4.36, having declined over 75% in the past year. According to InvestingPro analysis, the company currently appears undervalued, trading at just 0.28 times book value. While the company maintains strong liquidity with a current ratio of 2.91, investors should note that Urban One has not been profitable over the last twelve months.
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