Key Points
- Director Milton Ault III bought 2,000 shares at $6.35 on March 18 for $12,700, raising his stake to 636,839 shares (a 0.32% increase) valued at about $4.04 million per the SEC filing.
- Universal Security Instruments (NYSE:UUU) recently traded at $6.22, has a market capitalization of about $16.9 million and a negative P/E of -11.01, with 50- and 200-day moving averages near $5.03 and a 12-month range of $1.65–$8.27.
- A number of hedge funds including Two Sigma, Geode, Heron Bay, Qube Research and Bridgeway have established or increased small positions in UUU, indicating modest institutional interest.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III bought 2,000 shares of the firm's stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of $6.35 per share, for a total transaction of $12,700.00. Following the transaction, the director directly owned 636,839 shares in the company, valued at approximately $4,043,927.65. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Universal Security Instruments Price Performance
NYSE UUU traded up $0.13 on Friday, hitting $6.22. The company had a trading volume of 4,025 shares, compared to its average volume of 161,343. The company's fifty day moving average price is $5.03 and its 200-day moving average price is $5.02. The company has a market capitalization of $16.90 million, a PE ratio of -11.01 and a beta of -0.17. Universal Security Instruments, Inc. has a 12-month low of $1.65 and a 12-month high of $8.27.
Hedge Funds Weigh In On Universal Security Instruments
A number of hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments in the third quarter worth approximately $42,000. Bridgeway Capital Management LLC purchased a new position in Universal Security Instruments in the 4th quarter valued at $56,000. Geode Capital Management LLC boosted its stake in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company's stock worth $79,000 after purchasing an additional 2,850 shares during the last quarter. Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments during the fourth quarter worth $186,000. Finally, Two Sigma Investments LP acquired a new stake 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.
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