Key Points
- Director Milton Ault III purchased 4,038 shares at an average price of $3.96 (total ~$15,990), raising his stake to 96,269 shares — a 4.38% increase in ownership.
- The company recently paid a special dividend of $1.00 per share to holders of record on September 18, with the payment made on September 25.
- Universal Security Instruments is a very small-cap stock (market capitalization about $9.25 million) with a negative trailing PE of -7.14, indicating it is unprofitable on a GAAP basis.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III bought 4,038 shares of Universal Security Instruments stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $3.96 per share, with a total value of $15,990.48. Following the completion of the purchase, the director owned 96,269 shares in the company, valued at approximately $381,225.24. This trade represents a 4.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Universal Security Instruments Stock Performance
Universal Security Instruments stock traded up $0.05 during trading on Thursday, reaching $4.00. The company had a trading volume of 24,411 shares, compared to its average volume of 380,324. The firm has a market capitalization of $9.25 million, a PE ratio of -7.14 and a beta of -0.27. The firm's 50-day simple moving average is $4.89 and its 200 day simple moving average is $3.96. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27.
Universal Security Instruments Announces Dividend
The company also recently declared a special dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were given a dividend of $1.00 per share. The ex-dividend date was Friday, September 26th.
Institutional Investors Weigh In On Universal Security Instruments
A hedge fund recently bought a new stake in Universal Security Instruments stock. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments, Inc. (NYSE:UUU - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,562 shares of the company's stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned about 0.46% of Universal Security Instruments as of its most recent filing with the Securities and Exchange Commission (SEC).
About Universal Security Instruments
(
Get Free Report)
Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
