Insider Buying: Universal Security Instruments (NYSE:UUU) Director Purchases $65,900.00 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of $6.59 per share, for a total transaction of $65,900.00. Following the completion of the acquisition, the director directly owned 1,096,533 shares in the company, valued at $7,226,152.47. The trade was a 0.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Security Instruments Price Performance

UUU stock opened at $5.00 on Friday. The stock has a market cap of $15.14 million, a price-to-earnings ratio of -8.93 and a beta of 0.05. The company has a 50 day simple moving average of $4.19 and a 200 day simple moving average of $5.24. Universal Security Instruments, Inc. has a 1 year low of $3.02 and a 1 year high of $8.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UUU. Quantbot Technologies LP bought a new position in Universal Security Instruments in the 2nd quarter valued at approximately $222,000. Virtus Advisers LLC bought a new stake in Universal Security Instruments during the 2nd quarter worth approximately $271,000. The Manufacturers Life Insurance Company bought a new stake in Universal Security Instruments during the 2nd quarter worth approximately $523,000. Qube Research & Technologies Ltd acquired a new position in Universal Security Instruments in the 3rd quarter valued at approximately $42,000. Finally, Jupiter Topco LLC bought a new position in shares of Universal Security Instruments during the second quarter valued at $562,000.

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.