Key Points
- Director Milton Ault III bought 205,000 shares of Universal Security Instruments on Feb. 4 at an average price of $6.00 per share (total ~$1.23M), boosting his holdings to 462,457 shares — a 79.62% increase — as disclosed in an SEC filing.
- Universal Security Instruments (NYSE:UUU) shares recently opened at $4.40 (52-week range $1.65–$8.27) and the company has a market cap of about $10.18M with a negative P/E; hedge fund Two Sigma also bought 49,499 shares and now owns roughly 2.14% of the company.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III purchased 205,000 shares of Universal Security Instruments stock in a transaction that occurred on Wednesday, February 4th. The stock was acquired at an average price of $6.00 per share, for a total transaction of $1,230,000.00. Following the transaction, the director directly owned 462,457 shares of the company's stock, valued at $2,774,742. The trade was a 79.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Universal Security Instruments Stock Up 5.8%
Universal Security Instruments stock opened at $4.40 on Friday. Universal Security Instruments, Inc. has a 52-week low of $1.65 and a 52-week high of $8.27. The firm's fifty day moving average is $4.90 and its 200 day moving average is $4.67. The company has a market cap of $10.18 million, a price-to-earnings ratio of -7.86 and a beta of -0.21.
Institutional Investors Weigh In On Universal Security Instruments
A hedge fund recently bought a new stake in Universal Security Instruments stock. Two Sigma Investments LP bought a new position in Universal Security Instruments, Inc. (NYSE:UUU - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 49,499 shares of the company's stock, valued at approximately $198,000. Two Sigma Investments LP owned 2.14% of Universal Security Instruments as of its most recent filing with the SEC.
About Universal Security Instruments
(
Get Free Report)
Universal Security Instruments, Inc (NYSE: UUU) is a manufacturer and marketer of home safety and security products based in Holbrook, New York. The company specializes in the design, development and distribution of devices intended to protect lives and property, servicing both residential and commercial end users.
Its product portfolio includes photoelectric and ionization smoke alarms, carbon monoxide detectors, combination smoke/CO units, fire extinguishers and fire escape ladders. Additional offerings extend to weather radios and environmental sensors, all engineered to meet or exceed applicable UL, ANSI and NFPA safety standards.
Universal Security Instruments distributes its products primarily across the United States and Canada through a network of mass merchants, independent electrical distributors, home improvement centers and e-commerce platforms.
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