Insider Buying: Universal Security Instruments (NYSE:UUU) Director Purchases $24,700.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 5,000 shares of the stock in a transaction on Monday, March 2nd. The shares were bought at an average cost of $4.94 per share, with a total value of $24,700.00. Following the purchase, the director owned 497,130 shares of the company’s stock, valued at $2,455,822.20. This trade represents a 1.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Universal Security Instruments Stock Up 1.9%

NYSE:UUU traded up $0.09 on Tuesday, reaching $4.80. 57,775 shares of the company’s stock were exchanged, compared to its average volume of 195,482. Universal Security Instruments, Inc. has a 52-week low of $1.65 and a 52-week high of $8.27. The firm has a market capitalization of $13.05 million, a price-to-earnings ratio of -8.57 and a beta of -0.21. The business has a fifty day moving average of $4.89 and a 200-day moving average of $4.85.

Institutional Investors Weigh In On Universal Security Instruments

Several large investors have recently modified their holdings of UUU. Two Sigma Investments LP acquired a new position in Universal Security Instruments during the third quarter worth $198,000. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments during the 3rd quarter worth about $42,000. Geode Capital Management LLC raised its stake 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 valued at $79,000 after purchasing an additional 2,850 shares during the last quarter. DRW Securities LLC lifted its holdings in Universal Security Instruments by 24.6% in the 4th quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock valued at $402,000 after purchasing an additional 15,404 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new position in shares of Universal Security Instruments in the fourth quarter valued at approximately $186,000.

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.