Milton Ault III Acquires 5,700 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 5,700 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $5.25 per share, with a total value of $29,925.00. Following the completion of the purchase, the director directly owned 556,332 shares of the company’s stock, valued at approximately $2,920,743. This trade represents a 1.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Universal Security Instruments Stock Performance

Shares of NYSE UUU traded up $0.31 during mid-day trading on Monday, hitting $5.40. The stock had a trading volume of 56,152 shares, compared to its average volume of 181,912. The company has a 50 day moving average of $4.90 and a two-hundred day moving average of $4.88. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27. The firm has a market cap of $14.68 million, a PE ratio of -9.64 and a beta of -0.17.

Institutional Investors Weigh In On Universal Security Instruments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UUU. Qube Research & Technologies Ltd purchased a new position in shares of Universal Security Instruments during the 3rd quarter valued at about $42,000. Bridgeway Capital Management LLC purchased a new position in shares of Universal Security Instruments during the 4th quarter valued at approximately $56,000. Geode Capital Management LLC grew its position in Universal Security Instruments by 22.8% during 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 during the period. Heron Bay Capital Management purchased a new stake in shares of Universal Security Instruments during the 4th quarter worth about $186,000. Finally, Two Sigma Investments LP purchased a new position in shares of Universal Security Instruments in the 3rd quarter valued at about $198,000.

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.