Universal Security Instruments (NYSE:UUU) Director Purchases $68,344.32 in Stock

Universal Security Instruments, Inc. (NYSE:UUU) Director Milton Ault III acquired 17,798 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of $3.84 per share, for a total transaction of $68,344.32. Following the completion of the purchase, the director directly owned 92,231 shares of the company’s stock, valued at approximately $354,167.04. The trade was a 23.91% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Universal Security Instruments Stock Performance

Shares of NYSE UUU traded up $0.03 during mid-day trading on Monday, hitting $3.99. 38,879 shares of the stock were exchanged, compared to its average volume of 383,496. Universal Security Instruments, Inc. has a twelve month low of $1.65 and a twelve month high of $8.27. The stock’s fifty day simple moving average is $5.03 and its two-hundred day simple moving average is $3.94. The company has a market cap of $9.23 million, a P/E ratio of -7.12 and a beta of -0.27.

Universal Security Instruments Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 26th.

Hedge Funds Weigh In On Universal Security Instruments

A hedge fund recently bought a new stake in Universal Security Instruments stock. Qube Research & Technologies Ltd purchased a new stake in Universal Security Instruments, Inc. (NYSE:UUU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,562 shares of the company’s stock, valued at approximately $42,000. Qube Research & Technologies Ltd owned about 0.46% of Universal Security Instruments as of its most recent SEC filing.

Universal Security Instruments Company Profile

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.