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7 Publicly Traded Black-Owned Companies to Invest In

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In recent years, there has been an increased focus on diversity in the corporate world. More and more people are looking to invest in companies that represent them and their values. This is especially true for black Americans, who have long been underrepresented in the business world. Fortunately, there are a number of publicly traded black-owned companies to invest in.

These companies span a variety of industries, from media to banking to finance. Here are 7 of the best publicly traded black-owned companies to consider investing in.

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7 best publicly traded black-owned companies

1. RLJ Lodging Trust (RLJ)

RLJ Lodging Trust is a real estate investment trust (REIT) with its headquarters in Maryland, United States. This publicly traded, black-owned company owns a premium brand consisting of 103 hotels with 21,200 rooms in 23 states. RLJ’s primary target is urban communities right in the heart of populated cities. 

Founded in 2000 by Robert L. Johnson, the black-owned business operates under famous global brands including Courtyard by Marriott, Residence Inn by Marriott, Hilton Garden Inn, and Embassy Suites, among others. Leslie D. Hale has been the CEO since August 2018.

The business became a publicly traded black-owned company on the New York Stock Exchange in May 2011 under the stock name RLJ. Its stock price is $11.72 with a market value of $1.9B

At the end of the third quarter of 2022, it had recorded $318 million. 

RLJ Lodging Trust

3 Bethesda Metro Center

Suite 1000

Bethesda, MD 20814

United States


2. Urban One (UONE)

Source: Urban One

Urban One is a radio broadcasting company based in Silver Spring, Maryland, that was founded in October 1980. The company represents the black community with four different segments, Radio Broadcasting, Cable Television, Digital and Reach Media. 

The media conglomerate is a successful, publicly traded, black-owned company with thriving subsidiaries across the United States. Reach Media runs some of the popular programs, including The DL Hughley Show, Get UP! Mornings with Erica Campbell Show, BlackAmericaWeb.com, and others. The Digital focuses on Interactive One while The Cable Television and Radio Broadcasting segments run TV One and Radio One respectively.

Urban One, founded by Cally Hughes, was formerly known as Radio One until May 2017. Fortunately for Cally, she is the first black woman to lead a publicly traded company. 

The stock symbol for Urban One is UNOE on NASDAQ. It values at $239.247M with its stock price at $5.44. The company recorded $121.4M in the third quarter of 2022.

Urban One, Inc.

1010 Wayne Avenue

14th Floor

Silver Spring, MD 20910

United States

301 429 3200

3. American Shared Hospital Services (AMS)

Source: ASHS

Founded in 1980 and incorporated in 1983, American Shared Hospital Services specializes in medical equipment supply. They provide radiosurgery and radiation equipment to medical centers and healthcare providers.

With 100 years of experience in the healthcare sector, American Shared Hospital Services provides innovative financial support for radiosurgical and radiation therapy services. Prominent among their medical equipment are Radiosurgery, PBRT, and IMRT/IGRT. 

They have different financial solutions to help medical centers acquire new technologies for healthcare.

AMS is their ticker on the NYSE. As of September 2022, they had recorded $4.83M in revenue, representing a 17.78% increase against December 2021. 

Operating income and net income were recorded at 697k and 316k respectively. 

These figures make AMS a publicly traded stock company to invest in. 

American Shared Hospital Services

601 Montgomery Street

Suite 1112

San Francisco, CA 94111-2619

United States

415 788 5300

4. Axsome Therapeutics

Source: Axsome

Axsome Therapeutics is one of the largest bio biopharmaceutical companies worth putting your money in. It specializes in developing novel therapies for the central nervous system CNS in the US. 

The company’s mission is to transform the CNS approach by developing therapeutic options that improve patients’ lives in a meaningful way. Their products are designed to treat migraines, fibromyalgia, and narcolepsy, among others.

Axsome Therapeutics is traded on NASDAQ with a stock ticker symbol AXSM. It is valued at $3.5B.  

Axsome Therapeutics, Inc.

22 Cortlandt Street

16th Floor

New York, NY 10007

United States

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212 332 3241

5. Broadway Financial Corp

Broadway Financial Corp. was founded in 1946 and is currently based in Los Angeles. This black business was formed when banking institutions denied black businesses and individuals access to loans. It might have been a tough time, but Broadway Financial Corp. excelled and has been offering excellent services to the minority.

As a publicly traded black-owned company, it has subsidiaries that perform well in the financial market. They are four, namely: Broadway Federal Bank, CFBanc Corporation, Asset Management Arm, Citi First Bank, National Association, and Broadway Financial Corp. Employee Stock Ownership Plan Trust.

The bank offers residential and commercial real estate loans to businesses and individuals. It provides deposit products, such as savings accounts and checking accounts.

Broadway Financial Corp operates under the ticker BYFC on NASDAQ at a $0.88 stock price. It values at $68.13M

Broadway Financial Corporation

4601 Wilshire Boulevard

Suite 150

Los Angeles, CA 90010

United States

323 634 1700

6. Carver Bancorp (CARV)

Source: Carver Bank

Founded in 1948 by a group of civic-minded community leaders and headquartered in New York, Carver Bancorp offers financial services to African American communities. It is one of the few publicly traded black-owned companies on the exchange market you need to invest in today.

Inspired by limited access to mainstream financial services for black communities, the founders sought to help businesses, institutions, and residents save and grow generational wealth.

Their financial services range from personal, to business to lending, credit cards, and ATM services.

In support of their community development, the US Treasury Department has designated Carver as a Community Development Financial Institution (CDFI). 

Traded on NASDAQ as CARV, it serves as a holding company for Carver Federal Savings Bank, providing consumer and commercial services. According to its website, it has supported more than 16,000 loans to small businesses through a liquidity partnership with a minority-owned fintech company.

Carvers Bancorp’s stock price is at $4.13. The market value of Carver Bancorp is $17.07M at an annual revenue of $26.17M with half a month to the end of 2022. 

Carver Bancorp, Inc.

75 West 125th Street

New York, NY 10027-4512

United States

718 230 2900

7. Citizens Bancshares Corporation

Finally on our list of black-owned publicly traded stocks is Citizen Bancshares Corporation. With over 100 years in the financial industry, Citizens Bancshares Corporation has a track record you can trust. This organization specializes in providing financial assistance to underserved communities.

Obviously, they primarily serve small businesses, commercial companies, individuals, and households. 

Founded in 1921 by visionary black businessmen in Atlanta, Citizens Bancshares Corporation placed importance on financial inclusion. It provides a range of financial services, including mortgages, checking, and savings accounts. It also offers agriculture and commercial loans to its customers.

In addition, they provide investment accounts, certificates of deposit, and credit, gift, and debit cards. 

Undoubtedly a successful black business in the banking industry, the company has two subsidiaries, namely Citizens Trust Bank (the Bank) and CTB Mortgage Services, Inc. 

Citizen Bancshares Corporation’s stock symbol ticker is CZBS with a $28.49 stock price. 

Citizens Bancshares Corporation

230 Peachtree Street, NW

Suite 2700

Atlanta, GA 30303

United States

678 406 4000

Traditionally, stock purchases have been used to accumulate wealth. And this could be your chance to obtain financial freedom.

With this list, finding and investing in publicly traded black-owned companies should be easier. Whether you want to invest in healthcare, media, or the financial industry, there are options for you to choose from. 

People also read: Finding Black Financial Advisor: What You Need To Know

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Abdul Rashid Sani
Abdul Rashid Sani
Abdul Rashid Sani is a former Growth and Content Manager of Spotcovery with a passion for writing and building relationships. With a strong background in SEO content writing, paid search and social, and content marketing, he possesses a diverse set of skills that make him an asset to any team. In his free time, Abdul is a huge soccer fan and enjoys writing in his spare time. He is dedicated to continually improving his skills and staying up-to-date with the latest trends and techniques in his field.


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