Milton Ault III Buys 20,672 Shares of Universal Security Instruments (NYSE:UUU) Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 20,672 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average cost of $6.34 per share, with a total value of $131,060.48. Following the purchase, the director directly owned 1,086,533 shares in the company, valued at approximately $6,888,619.22. This trade represents a 1.94% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Universal Security Instruments Trading Down 0.8%

NYSE UUU traded down $0.05 during trading on Friday, reaching $6.40. 73,318 shares of the company’s stock were exchanged, compared to its average volume of 74,911. Universal Security Instruments, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.27. The company’s fifty day simple moving average is $4.14 and its 200-day simple moving average is $5.20. The firm has a market capitalization of $19.39 million, a PE ratio of -11.43 and a beta of 0.05.

Institutional Trading of Universal Security Instruments

Several hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC bought a new stake in Universal Security Instruments in the 2nd quarter valued at $18,963,000. Jupiter Topco LLC acquired a new stake in Universal Security Instruments during the second quarter worth about $562,000. Legal & General Group Plc acquired a new stake in Universal Security Instruments during the second quarter worth about $2,947,000. The Manufacturers Life Insurance Company bought a new stake in shares of Universal Security Instruments during the second quarter valued at approximately $523,000. Finally, Bridgeway Capital Management LLC bought a new position in Universal Security Instruments during the fourth quarter worth about $56,000.

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.