Milton Ault III Buys 24,328 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 24,328 shares of the stock in a transaction on Wednesday, August 19th. The stock was purchased at an average price of $5.58 per share, for a total transaction of $135,750.24. Following the purchase, the director directly owned 1,059,855 shares of the company’s stock, valued at approximately $5,913,990.90. This represents a 2.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Universal Security Instruments Stock Up 38.1%

Shares of UUU traded up $1.72 during midday trading on Wednesday, reaching $6.24. 255,207 shares of the stock were exchanged, compared to its average volume of 74,879. The company has a market cap of $18.90 million, a price-to-earnings ratio of -11.14 and a beta of 0.05. Universal Security Instruments, Inc. has a 12-month low of $2.86 and a 12-month high of $8.27. The firm has a 50 day simple moving average of $4.13 and a 200-day simple moving average of $5.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UUU. BlackRock Inc. bought a new position in Universal Security Instruments in the 2nd quarter worth $203,241,000. Pzena Investment Management LLC bought a new stake in Universal Security Instruments during the second quarter valued at about $18,963,000. DRW Securities LLC boosted its holdings in Universal Security Instruments by 24.6% during 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 period. Bank of America Corp DE acquired a new stake in shares of Universal Security Instruments in the second quarter valued at about $2,973,000. Finally, Legal & General Group Plc acquired a new stake in shares of Universal Security Instruments in the second quarter valued at about $2,947,000.

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.