Milton Ault III Acquires 3,207 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 3,207 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $5.94 per share, with a total value of $19,049.58. Following the acquisition, the director owned 634,839 shares in the company, valued at $3,770,943.66. The trade was a 0.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Universal Security Instruments Stock Performance

NYSE UUU traded down $0.31 during trading on Thursday, hitting $6.09. 34,338 shares of the company’s stock traded hands, compared to its average volume of 164,340. The stock has a market capitalization of $16.55 million, a price-to-earnings ratio of -10.87 and a beta of -0.17. Universal Security Instruments, Inc. has a 12-month low of $1.65 and a 12-month high of $8.27. The business has a 50 day moving average of $5.00 and a 200-day moving average of $5.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Universal Security Instruments by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after acquiring an additional 2,850 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Universal Security Instruments during the third quarter worth $42,000. Bridgeway Capital Management LLC bought a new position in shares of Universal Security Instruments in the fourth quarter worth $56,000. DRW Securities LLC boosted its holdings in shares of Universal Security Instruments by 24.6% in the fourth quarter. DRW Securities LLC now owns 77,979 shares of the company’s stock worth $402,000 after acquiring an additional 15,404 shares during the period. Finally, Heron Bay Capital Management purchased a new position in shares of Universal Security Instruments in the fourth quarter valued at $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.