Milton Ault III Buys 21,792 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 21,792 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was purchased at an average cost of $5.16 per share, for a total transaction of $112,446.72. Following the transaction, the director directly owned 549,232 shares of the company’s stock, valued at $2,834,037.12. The trade was a 4.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Security Instruments Stock Performance

NYSE:UUU traded up $0.31 during mid-day trading on Monday, hitting $5.40. 56,152 shares of the stock were exchanged, compared to its average volume of 181,912. The firm’s 50-day simple moving average is $4.90 and its 200 day simple moving average is $4.88. The stock has a market capitalization of $14.68 million, a price-to-earnings ratio of -9.64 and a beta of -0.17. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UUU. Bridgeway Capital Management LLC acquired a new position in Universal Security Instruments during the fourth quarter valued at approximately $56,000. Heron Bay Capital Management acquired a new stake in Universal Security Instruments in the fourth quarter valued at about $186,000. DRW Securities LLC grew its position in Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after acquiring an additional 15,404 shares during the last quarter. Geode Capital Management LLC raised its stake 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 worth $79,000 after acquiring an additional 2,850 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Universal Security Instruments in the 3rd quarter valued at approximately $42,000.

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.