Key Points
- Milton Ault III, a director of Universal Security Instruments, purchased 2,231 shares on Feb. 24 at an average cost of $4.70 per share (total $10,485.70), raising his direct holdings to 478,994 shares (a 0.47% increase) in an SEC‑filed transaction.
- The stock recently traded at $5.01, with a market capitalization of $13.6 million, a negative P/E (-8.92), a 1‑year range of $1.65–$8.27, and unusually low daily volume compared with its average.
- Multiple institutions — including Qube Research, Bridgeway Capital, Geode, Heron Bay, and Two Sigma — have recently initiated or increased positions in UUU, indicating growing hedge fund interest.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III acquired 2,231 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was acquired at an average cost of $4.70 per share, for a total transaction of $10,485.70. Following the completion of the transaction, the director directly owned 478,994 shares in the company, valued at $2,251,271.80. This represents a 0.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Universal Security Instruments Price Performance
Shares of Universal Security Instruments stock traded up $0.01 during trading on Friday, hitting $5.01. 3,083 shares of the company's stock traded hands, compared to its average volume of 201,990. The stock has a market capitalization of $13.60 million, a P/E ratio of -8.92 and a beta of -0.21. The business has a 50-day simple moving average of $4.90 and a 200-day simple moving average of $4.79. Universal Security Instruments, Inc. has a 1 year low of $1.65 and a 1 year high of $8.27.
Hedge Funds Weigh In On Universal Security Instruments
A number of institutional investors and hedge funds have recently made changes to their positions in UUU. Qube Research & Technologies Ltd purchased a new position in shares of Universal Security Instruments during the 3rd quarter valued at $42,000. Bridgeway Capital Management LLC purchased a new stake in Universal Security Instruments in the 4th quarter worth $56,000. Geode Capital Management LLC raised its holdings in Universal Security Instruments by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company's stock valued at $79,000 after acquiring an additional 2,850 shares during the period. Heron Bay Capital Management bought a new stake in Universal Security Instruments during the fourth quarter valued at about $186,000. Finally, Two Sigma Investments LP purchased a new position in shares of Universal Security Instruments in the third quarter valued at about $198,000.
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.
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].
