Universal Security Instruments (NYSE:UUU) Director Milton Ault III Purchases 185,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 185,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $5.75 per share, with a total value of $1,063,750.00. Following the purchase, the director directly owned 1,025,252 shares in the company, valued at $5,895,199. This represents a 22.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Universal Security Instruments Stock Performance

Shares of Universal Security Instruments stock opened at $6.44 on Wednesday. Universal Security Instruments, Inc. has a 52-week low of $2.14 and a 52-week high of $8.27. The stock has a market capitalization of $17.50 million, a price-to-earnings ratio of -11.50 and a beta of -0.08. The company has a fifty day moving average of $5.96 and a 200-day moving average of $5.15.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new position in Universal Security Instruments in the 3rd quarter worth $42,000. Bridgeway Capital Management LLC bought a new position in Universal Security Instruments in the 4th quarter worth $56,000. Geode Capital Management LLC raised its holdings in Universal Security Instruments by 22.8% in the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock worth $79,000 after purchasing an additional 2,850 shares in the last quarter. Heron Bay Capital Management bought a new position in Universal Security Instruments in the 4th quarter worth $186,000. Finally, Two Sigma Investments LP bought a new position in Universal Security Instruments in the 3rd quarter worth $198,000.

About Universal Security Instruments

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.