Milton Ault III Buys 5,275 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 5,275 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of $4.44 per share, with a total value of $23,421.00. Following the transaction, the director owned 1,035,527 shares in the company, valued at approximately $4,597,739.88. The trade was a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Universal Security Instruments Stock Up 38.1%

UUU stock traded up $1.72 during mid-day trading on Wednesday, reaching $6.24. 255,207 shares of the stock traded hands, compared to its average volume of 74,879. The firm has a market capitalization of $18.90 million, a PE ratio of -11.14 and a beta of 0.05. The business has a 50-day moving average of $4.13 and a two-hundred day moving average of $5.17. Universal Security Instruments, Inc. has a 52 week low of $2.86 and a 52 week high of $8.27.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UUU. Pzena Investment Management LLC bought a new stake in shares of Universal Security Instruments in the second quarter valued at approximately $18,963,000. Jupiter Topco LLC bought a new position in Universal Security Instruments during the second quarter worth $562,000. Legal & General Group Plc bought a new position in Universal Security Instruments during the second quarter worth $2,947,000. The Manufacturers Life Insurance Company acquired a new position in Universal Security Instruments during the 2nd quarter valued at $523,000. Finally, Bridgeway Capital Management LLC acquired a new position in Universal Security Instruments during the 4th quarter valued at $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.