Universal Security Instruments (NYSE:UUU) Director Milton Ault III Buys 10,000 Shares

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III bought 10,000 shares of the stock in a transaction on Tuesday, March 31st. The shares were bought at an average price of $5.84 per share, for a total transaction of $58,400.00. Following the completion of the transaction, the director directly owned 685,252 shares of the company’s stock, valued at $4,001,871.68. This trade represents a 1.48% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Universal Security Instruments Trading Up 1.6%

Shares of NYSE:UUU traded up $0.10 during trading on Thursday, hitting $6.04. 8,987 shares of the stock were exchanged, compared to its average volume of 143,434. The company has a market cap of $16.40 million, a PE ratio of -10.78 and a beta of -0.17. The company has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $5.01. Universal Security Instruments, Inc. has a 12-month low of $1.65 and a 12-month high of $8.27.

Institutional Trading of Universal Security Instruments

Several large investors have recently modified their holdings of UUU. Qube Research & Technologies Ltd acquired a new position in shares of Universal Security Instruments during the 3rd quarter worth approximately $42,000. Bridgeway Capital Management LLC acquired a new stake in Universal Security Instruments during the 4th quarter valued at $56,000. Geode Capital Management LLC grew its holdings in Universal Security Instruments by 22.8% during the 4th 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 last quarter. Heron Bay Capital Management purchased a new position in Universal Security Instruments during the fourth quarter worth $186,000. Finally, Two Sigma Investments LP acquired a new position in shares of Universal Security Instruments in the third quarter worth $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.