Ultralife Corp. (NASDAQ:ULBI) CFO Philip A. Fain purchased 3,552 shares of the company’s stock in a transaction on Friday, December 15th. The shares were bought at an average price of $6.20 per share, for a total transaction of $22,022.40. Following the completion of the transaction, the chief financial officer now directly owns 70,000 shares in the company, valued at approximately $434,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ultralife Corp. (ULBI) remained flat at $$6.05 during mid-day trading on Friday. The stock had a trading volume of 12,377 shares, compared to its average volume of 38,288. Ultralife Corp. has a 12 month low of $4.70 and a 12 month high of $7.90. The company has a market capitalization of $100.02, a P/E ratio of 17.78 and a beta of -0.17.

Ultralife (NASDAQ:ULBI) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.07 EPS for the quarter. Ultralife had a net margin of 6.61% and a return on equity of 7.83%. The company had revenue of $21.05 million for the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC bought a new stake in shares of Ultralife in the 2nd quarter worth approximately $141,000. Northern Trust Corp raised its holdings in shares of Ultralife by 3.9% in the 2nd quarter. Northern Trust Corp now owns 27,473 shares of the technology company’s stock worth $197,000 after purchasing an additional 1,030 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Ultralife by 714.3% in the 3rd quarter. Nationwide Fund Advisors now owns 27,474 shares of the technology company’s stock worth $185,000 after purchasing an additional 24,100 shares in the last quarter. Numeric Investors LLC bought a new stake in shares of Ultralife in the 2nd quarter worth approximately $357,000. Finally, Algert Global LLC raised its holdings in shares of Ultralife by 18.2% in the 3rd quarter. Algert Global LLC now owns 97,386 shares of the technology company’s stock worth $657,000 after purchasing an additional 15,004 shares in the last quarter. Institutional investors and hedge funds own 26.22% of the company’s stock.

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About Ultralife

Ultralife Corporation offers products and services ranging from power solutions to communications and electronics systems. The Company designs and manufactures power and communications systems, including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom engineered systems.

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