Key Points
- Milton Ault III bought 155,000 shares of Universal Security Instruments on April 30 at $5.75 each for $891,250, increasing his holding by 22.62% to 840,252 shares worth about $4.83 million.
- UUU trades near $6.11 (50‑day SMA $5.67, 200‑day SMA $5.07) with a 12‑month range of $1.96–$8.27, a small market cap of $16.61 million and a negative PE (-10.91), while several institutions recently initiated or added to positions.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III acquired 155,000 shares of Universal Security Instruments stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $5.75 per share, for a total transaction of $891,250.00. Following the completion of the transaction, the director owned 840,252 shares in the company, valued at approximately $4,831,449. This trade represents a 22.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Universal Security Instruments Trading Up 0.3%
Shares of NYSE UUU opened at $6.11 on Tuesday. The firm has a fifty day simple moving average of $5.67 and a two-hundred day simple moving average of $5.07. Universal Security Instruments, Inc. has a 12 month low of $1.96 and a 12 month high of $8.27. The firm has a market capitalization of $16.61 million, a PE ratio of -10.91 and a beta of -0.08.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in UUU. Bridgeway Capital Management LLC bought a new position in shares of Universal Security Instruments in the 4th quarter worth approximately $56,000. Heron Bay Capital Management purchased a new position in shares of Universal Security Instruments in the 4th quarter valued at approximately $186,000. DRW Securities LLC boosted its position in shares of Universal Security Instruments by 24.6% during the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company's stock valued at $402,000 after purchasing an additional 15,404 shares in the last quarter. Geode Capital Management LLC grew its stake in Universal Security Instruments by 22.8% in the fourth 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 period. Finally, Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments in the third quarter worth $42,000.
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].
