Milton Ault III Acquires 4,000 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 4,000 shares of Universal Security Instruments stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $24,040.00. Following the purchase, the director directly owned 640,839 shares in the company, valued at approximately $3,851,442.39. The trade was a 0.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Universal Security Instruments Price Performance

Shares of NYSE:UUU opened at $6.05 on Wednesday. The stock has a market cap of $16.44 million, a price-to-earnings ratio of -10.80 and a beta of -0.17. The company has a 50 day moving average of $5.05 and a 200-day moving average of $5.00. Universal Security Instruments, Inc. has a one year low of $1.65 and a one year high of $8.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UUU. DRW Securities LLC grew its position in shares of 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 during the period. Two Sigma Investments LP acquired a new stake in Universal Security Instruments during the 3rd quarter worth approximately $198,000. Heron Bay Capital Management bought a new position in Universal Security Instruments in the fourth quarter valued at approximately $186,000. Geode Capital Management LLC lifted its stake in Universal Security Instruments by 22.8% in the fourth quarter. Geode Capital Management LLC now owns 15,355 shares of the company’s stock valued at $79,000 after buying an additional 2,850 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Universal Security Instruments in the fourth quarter valued at approximately $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.