Key Points
- Director Milton Ault III purchased 10,000 UUU shares at an average price of $6.59, investing $65,900. His holdings increased to 1,096,533 shares, valued at approximately $7.23 million.
- Universal Security Instruments shares opened at $5.66 and were down 0.7%, with a market capitalization of $17.14 million. The stock has traded between $3.02 and $8.27 over the past 52 weeks.
- Several institutional investors—including Bank of America, Legal & General, and Jupiter Topco—established new positions in UUU during the second quarter.
Universal Security Instruments, Inc. (NYSE:UUU - Get Free Report) Director Milton Ault III bought 10,000 shares of the company's stock in a transaction on Monday, August 24th. The stock was bought at an average price of $6.59 per share, with a total value of $65,900.00. Following the completion of the acquisition, the director owned 1,096,533 shares in the company, valued at $7,226,152.47. This represents a 0.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Universal Security Instruments Stock Down 0.7%
UUU stock opened at $5.66 on Thursday. The stock has a market cap of $17.14 million, a price-to-earnings ratio of -10.11 and a beta of 0.05. Universal Security Instruments, Inc. has a 52-week low of $3.02 and a 52-week high of $8.27. The business has a fifty day moving average of $4.19 and a two-hundred day moving average of $5.23.
Institutional Trading of Universal Security Instruments
Several hedge funds have recently made changes to their positions in UUU. Bank of America Corp DE acquired a new position in shares of Universal Security Instruments in the second quarter valued at approximately $2,973,000. Jupiter Topco LLC purchased a new stake in Universal Security Instruments during the 2nd quarter worth about $562,000. Legal & General Group Plc purchased a new stake in Universal Security Instruments during the 2nd quarter worth about $2,947,000. The Manufacturers Life Insurance Company acquired a new stake in Universal Security Instruments in the 2nd quarter valued at about $523,000. Finally, Brandywine Trust Co. purchased a new position in shares of Universal Security Instruments in the 2nd quarter valued at about $778,000.
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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