Universal Security Instruments (NYSE:UUU) Director Buys 6,025 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 6,025 shares of Universal Security Instruments stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $4.66 per share, with a total value of $28,076.50. Following the completion of the acquisition, the director directly owned 468,482 shares in the company, valued at approximately $2,183,126.12. The trade was a 1.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Universal Security Instruments Stock Down 2.3%

UUU traded down $0.11 during trading on Tuesday, hitting $4.60. 45,103 shares of the stock were exchanged, compared to its average volume of 217,781. Universal Security Instruments, Inc. has a 1-year low of $1.65 and a 1-year high of $8.27. The stock has a fifty day moving average price of $4.91 and a two-hundred day moving average price of $4.78. The firm has a market capitalization of $12.50 million, a P/E ratio of -8.21 and a beta of -0.21.

Institutional Investors Weigh In On Universal Security Instruments

Several hedge funds have recently made changes to their positions in UUU. Qube Research & Technologies Ltd purchased a new position in shares of Universal Security Instruments during the third quarter worth about $42,000. Bridgeway Capital Management LLC acquired a new stake in Universal Security Instruments during the 4th quarter worth approximately $56,000. Geode Capital Management LLC lifted its position 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 acquiring an additional 2,850 shares during the period. Heron Bay Capital Management purchased a new position in shares of Universal Security Instruments in the 4th quarter valued at approximately $186,000. Finally, Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments in the third quarter valued at approximately $198,000.

Universal Security Instruments Company Profile

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.