Insider Buying: Universal Security Instruments (NYSE:UUU) Director Buys 2,231 Shares of Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 2,231 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of $4.70 per share, with a total value of $10,485.70. Following the completion of the purchase, the director directly owned 478,994 shares in the company, valued at $2,251,271.80. This represents a 0.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Universal Security Instruments Price Performance

Universal Security Instruments stock traded up $0.27 during mid-day trading on Thursday, reaching $5.00. 24,761 shares of the company traded hands, compared to its average volume of 207,275. The firm’s fifty day moving average is $4.90 and its two-hundred day moving average is $4.79. The company has a market capitalization of $13.59 million, a price-to-earnings ratio of -8.93 and a beta of -0.21. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27.

Hedge Funds Weigh In On Universal Security Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new stake in Universal Security Instruments during the 3rd quarter valued at approximately $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the fourth quarter worth $56,000. Geode Capital Management LLC lifted its position in Universal Security Instruments by 22.8% during the fourth 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 during the period. Heron Bay Capital Management purchased a new stake in Universal Security Instruments in the fourth quarter valued at $186,000. Finally, Two Sigma Investments LP acquired a new stake in Universal Security Instruments during the 3rd quarter worth about $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.