Universal Security Instruments (NYSE:UUU) Director Milton Ault III Acquires 10,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of $6.35 per share, with a total value of $63,500.00. Following the completion of the purchase, the director directly owned 650,839 shares of the company’s stock, valued at $4,132,827.65. This represents a 1.56% 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 3.5%

UUU stock traded down $0.21 during mid-day trading on Monday, hitting $5.73. The company had a trading volume of 64,999 shares, compared to its average volume of 160,349. The company has a 50-day moving average price of $5.04 and a 200 day moving average price of $5.01. Universal Security Instruments, Inc. has a 12-month low of $1.65 and a 12-month high of $8.27. The company has a market capitalization of $15.57 million, a price-to-earnings ratio of -10.23 and a beta of -0.17.

Hedge Funds Weigh In On Universal Security Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in the business. DRW Securities LLC raised its position in shares of Universal Security Instruments by 24.6% during the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after buying an additional 15,404 shares in the last quarter. Two Sigma Investments LP purchased a new position in Universal Security Instruments in the third quarter worth about $198,000. Heron Bay Capital Management bought a new stake in Universal Security Instruments during the fourth quarter worth approximately $186,000. Geode Capital Management LLC raised 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. Finally, Bridgeway Capital Management LLC purchased a new stake in Universal Security Instruments during the fourth quarter valued at approximately $56,000.

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.