Key Points
- Director Milton Ault III bought 185,000 shares of Universal Security Instruments on May 15 at an average price of $5.75 per share, a transaction worth about $1.06 million.
- After the purchase, Ault’s total ownership rose to 1,025,252 shares, representing a 22.02% increase in his stake in the company.
- Universal Security Instruments stock opened at $6.44, with the company showing a $17.5 million market cap, a 52-week range of $2.14 to $8.27, and recent buying interest from several institutional investors.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III purchased 185,000 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $5.75 per share, with a total value of $1,063,750.00. Following the completion of the purchase, the director owned 1,025,252 shares in the company, valued at $5,895,199. This represents a 22.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Universal Security Instruments Price Performance
Shares of Universal Security Instruments stock opened at $6.44 on Wednesday. The company has a 50-day moving average of $5.96 and a 200 day moving average of $5.15. The firm has a market cap of $17.50 million, a price-to-earnings ratio of -11.50 and a beta of -0.08. Universal Security Instruments, Inc. has a 1 year low of $2.14 and a 1 year high of $8.27.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC bought a new position in shares of Universal Security Instruments in the 4th quarter worth about $56,000. Heron Bay Capital Management bought a new stake in Universal Security Instruments during the 4th quarter valued at about $186,000. DRW Securities LLC increased its stake in Universal Security Instruments by 24.6% during the 4th 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 increased 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 valued at $79,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Universal Security Instruments during the 3rd quarter valued at about $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.
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