Key Points
- Director Milton Ault III purchased 24,328 shares of Universal Security Instruments at an average price of $5.58, investing $135,750.24 and increasing his ownership by 2.35% to 1,059,855 shares.
- UUU shares opened at $6.24 after reportedly rising 38.1%; the company has an $18.90 million market capitalization and trades between a 12-month range of $2.86 to $8.27.
- Several institutional investors recently established or expanded positions, including Geode Capital Management, Quantbot Technologies, Virtus Advisers, Manufacturers Life Insurance and Qube Research & Technologies.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III bought 24,328 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $5.58 per share, for a total transaction of $135,750.24. Following the completion of the transaction, the director owned 1,059,855 shares in the company, valued at $5,913,990.90. This trade represents a 2.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Universal Security Instruments Trading Up 38.1%
NYSE UUU opened at $6.24 on Thursday. The firm has a market capitalization of $18.90 million, a PE ratio of -11.14 and a beta of 0.05. The business's 50-day moving average price is $4.13 and its two-hundred day moving average price is $5.18. Universal Security Instruments, Inc. has a 12 month low of $2.86 and a 12 month high of $8.27.
Institutional Investors Weigh In On Universal Security Instruments
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Universal Security Instruments by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company's stock valued at $79,000 after buying an additional 2,850 shares in the last quarter. Quantbot Technologies LP bought a new position in Universal Security Instruments in the second quarter worth approximately $222,000. Virtus Advisers LLC acquired a new stake in Universal Security Instruments in the second quarter valued at approximately $271,000. The Manufacturers Life Insurance Company acquired a new stake in Universal Security Instruments in the second quarter valued at approximately $523,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Universal Security Instruments during the third quarter valued at approximately $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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