Martingale Asset Management L P Takes $373,000 Position in Ubiquiti Inc. (NYSE:UI)

Martingale Asset Management L P acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,123 shares of the company's stock, valued at approximately $373,000.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in shares of Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. grew its holdings in shares of Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after purchasing an additional 63 shares during the last quarter. Financial Perspectives Inc increased its stake in shares of Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after buying an additional 102 shares during the period. Finally, Principal Securities Inc. raised its holdings in Ubiquiti by 89.3% during the 4th quarter. Principal Securities Inc. now owns 229 shares of the company's stock valued at $76,000 after buying an additional 108 shares during the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Trading Down 3.3 %

Shares of UI traded down $9.99 during trading hours on Friday, reaching $296.55. 99,785 shares of the company traded hands, compared to its average volume of 80,977. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The company's fifty day moving average price is $317.22 and its two-hundred day moving average price is $324.99. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 40.29 and a beta of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the previous year, the business posted $1.36 EPS. Equities research analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. Ubiquiti's dividend payout ratio (DPR) is 32.61%.

Insider Buying and Selling at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 93.10% of the company's stock.

Analyst Upgrades and Downgrades

UI has been the topic of a number of analyst reports. Barclays decreased their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research report on Monday, February 10th. BWS Financial reiterated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research report on Friday, April 4th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.