Universal Security Instruments (NYSE:UUU) Director Buys $35,742.96 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III purchased 9,026 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $3.96 per share, with a total value of $35,742.96. Following the completion of the transaction, the director owned 74,433 shares of the company’s stock, valued at approximately $294,754.68. The trade was a 13.80% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Universal Security Instruments Stock Performance

NYSE:UUU opened at $4.00 on Thursday. The company’s 50-day simple moving average is $4.89 and its 200-day simple moving average is $3.96. Universal Security Instruments, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $8.27. The stock has a market capitalization of $9.25 million, a P/E ratio of -7.14 and a beta of -0.27.

Universal Security Instruments Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 18th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, September 26th.

Institutional Trading of Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Two Sigma Investments LP bought a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 49,499 shares of the company’s stock, valued at approximately $198,000. Two Sigma Investments LP owned approximately 2.14% of Universal Security Instruments at the end of the most recent reporting period.

About Universal Security Instruments

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.